Which of the Following Statements Is True

question 32

Multiple Choice

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.

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Definitions:

Geographic Isolation

The physical separation of populations of a species, leading to genetic divergence and potentially speciation, due to geographical barriers.

Changes In Sea Level

Variations in the global average sea level, typically caused by either thermal expansion of sea water as it warms or by the melting of ice over land.

Genetic Mutations

Changes in the DNA sequence of an organism's genome, which can lead to variation among species and individuals, with potential effects ranging from harmful to beneficial.