Question

At a local bank, Jack purchases for $100,000 a five-year CD listing title as follows: "Meredith, payable on death to Briana." Four years later, Meredith dies. Briana, Meredith's daughter, then redeems the CD when it matures. Discuss the transfer tax consequences if Meredith is:
a. Jack's wife.
b. Jack's ex-wife.
c. Jack's girlfriend.


$1.99
Sales4
Views127
Comments0
  • CreatedSeptember 09, 2015
  • Files Included
Post your question
5000