12) LO3 What type of ownership interest is appropriate in each of the following. a. A father desires to provide for his daughter during her life but wants to ensure that her younger husband (i.e., the son-in-law) does not inherit the property if he survives her. Tenants in common b. A married couple buys a home and wants to make sure that whoever survives obtains sole ownership of the property. Community property c. Grandparents want to make an outright gift of undeveloped land to adult children to be held as undivided co-owners. Joint tenants
13) LO4 Addison provides all of the support of her dependent father, Walter, who lives with her. Because Walter is very proud and wants to appear independent, Addison gives him the money to pay his medical bills. Is Addison subject to the Federal gift tax as a result of these transfers? Explain. No, the Federal gift tax does not apply to tuition payments made to an educational organization on another's behalf. Nor does it apply to amounts paid on another's behalf for medical care.
18) LO5 Regarding the gift-splitting provision of sect 2513, comment on the following. a. What it was designed to accomplish. a gift made by a person to someone other than his or her spouse may be considered, for Federal gift tax purposes, as having been made one-half by each spouse. b. The treatment of any taxable gifts previously made by the nonowner spouse. c. How the election is made to split gifts is not necessary when husband and wife transfer jointly owned or community property to a third party. d. The spouses are divorced during the year, they may still split the gift if neither marries anyone else during the year. e. The utility of the election in a community property jurisdiction is made to split gifts is not necessary when husband and wife transfer jointly owned or community property to a third party.

20) LO4