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Discuss the transfer tax consequences

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Problem - 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.

Reference no: EM132665333

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