Question

there is an unlimited gift tax exclusion for the following parties, except _____.
○ spouse
○ friends
○ political organizations
○ charity
question 29 2.27 pts
what method does not help to avoid probate, or to establish non-probate property?
○ wills
○ proper titling of assets, including beneficiary designations
○ gifts made during life (inter-vivos gifts)
○ trusts

Explanation:

First Question (Gift Tax Exclusion)

Unlimited gift tax exclusion applies to spouse, political organizations, and charity. Friends do not have unlimited exclusion (gifts to friends are subject to gift tax rules with annual exclusion limits, not unlimited).

Wills go through probate. Proper titling (with beneficiaries), inter - vivos gifts, and trusts help avoid probate (non - probate property). So wills do not help avoid probate.

Answer:

B. Friends

Second Question (Probate Avoidance)