Identify Which of the Following Statements Is False

question 92

Multiple Choice

Identify which of the following statements is false.

• A)If an individual transfers property in trust and reserves the right to the trust's income for life, the individual retains a life estate.
• B)An individual who receives a remainder interest will receive property after the death of the holder of a life estate.
• C)If a grantor transfers property in trust and names a beneficiary to receive only a term-certain interest and then the property is to return to the grantor, the transaction is not subject to gift tax.
• D)Life estates are valued using actuarial tables.

---

Definitions:

Indexed

A method of storing data in a database in such a way that it improves the speed of data retrieval operations on a database table.

Database Performance

The measure of how efficiently and effectively a database system processes queries, updates, and other operations.

Table Design

The process or practice of defining the structure, relationships, and properties of tables within a database.

Upper Pane

A term that might refer to the top section of a user interface within a software application, where specific types of information or controls might be displayed.