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:

Judicial Review

The power of courts to assess whether a law, policy, or executive action is in conflict with the constitution.

Constitutionality

The quality or condition of being in accordance with the constitution of a country or organization.

Appellate Review

The process by which higher courts review and potentially reverse the decisions or actions taken by lower courts.

Federal Judges

Jurists appointed to preside over courts established by the federal government.