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.

---

Definitions:

Downswing

A decline or decrease in performance, activity, or quality, often observed in economic cycles.

1960s

A decade characterized by significant social, political, and cultural changes worldwide, including civil rights movements and the emergence of counterculture.

1980s

A decade characterized by significant cultural, political, and technological developments, spanning from 1980 to 1989.

1990s

A decade marked by significant global events, technological advancements, and cultural shifts, spanning from 1990 to 1999.