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safezone safezone
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7 years ago
Which of the following statements is true?
A) Transfers to an irrevocable trust can be deemed incomplete due to powers retained by the grantor.
B) If the donor retains the power to change the trust beneficiary, the gift is complete.
C) Transfers to a revocable trust are completed gifts.
D) All of the above are false.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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