Which of the Following Is a Completed Gift

question 42

Multiple Choice

Which of the following is a completed gift?

• A)Greta transfers $50,000 to a revocable trust benefiting her children Hans and Julio.
• B)Juan purchases a ski chalet using his own funds, but listing Penelope as a joint owner.
• C)Horatio transfers $60,000 to a bank account with Hazel. Hazel does not contribute any money to the account.
• D)Mike changes the beneficiary of his policy to Meredith.

---

Definitions:

Fee-For-Service System

A pricing structure where services are itemized and each is charged individually.

Health Care Expenses

The costs associated with medical care, including treatments, medications, hospital stays, and other related expenses.

Health Literacy

The degree to which individuals have the capability to obtain, process, and understand basic health information and services needed to make appropriate health decisions.

Primary Care Physicians

Medical doctors who provide first contact for a person with an undiagnosed health concern as well as continuing care of varied medical conditions, not limited by cause, organ system, or diagnosis.