Identify Which of the Following Statements Is True

question 17

Multiple Choice

Identify which of the following statements is true.

• A)The trustee of a Sec. 2503(c)trust must distribute all of the corpus and accumulated income when the beneficiary reaches the age of 25.
• B)The gift tax exclusion is available for a gift of a present or future interest.
• C)A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which assets are transferred to the trust.
• D)All of the above are true.

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Definitions:

Disorganized Attachment

A type of attachment pattern observed in children, characterized by a lack of consistent strategies in dealing with the stress of separation from and reunion with their caregivers, often resulting from trauma or abuse.

Strange Situation

A procedure developed by Mary Ainsworth to assess attachment styles in children by observing their behavior when separated and reunited with their caregiver.

Avoidant

A term used to describe a pattern of behavior characterized by a desire to evade or escape from certain activities, situations, or interpersonal interactions.

Resistant

Refers to the ability to withstand or oppose a particular force or condition.