Estate planning Example 6

CFA Level III Portfolio Management
#1

Page 283: example 6

Please can someone let me know in Q 3 why assuming that gift tax will be paid by recipient as its not explicitly stated in question?

Thanks in advance

#2

I would think that is the norm unless explicitly otherwise stated.

#3

As far as I know, the curriculum doesn’t explicitly say that there’s a default assumption.

I’d be happy believing that they’d tell me who pays.