Martin Transfers Stock to an Irrevocable Trust and Names Himself

question 105

Multiple Choice

Martin transfers stock to an irrevocable trust and names himself to receive the trust income for life with the remainder interest gifted to his son. When Martin dies

• A)none of the stock will be included in Martin's estate.
• B)the stock's value at the time of transfer to the trust will be included in Martin's estate.
• C)the value of the stock less the present value of the income receivable by Martin will be included in Martin's estate.
• D)the value of the stock at death will be included in Martin's estate.

---

Definitions:

Purge

The act of eliminating or expelling unwanted items, substances, or thoughts from the body or mind.

Bulimia

An eating disorder characterized by episodes of binge eating followed by purging, reflecting a distressed relationship with food and body image.

Body Weight

The total mass of an individual's body, often measured to assess health, nutrition, and fitness outcomes.

Gender Socialization

The process of learning the social expectations and attitudes associated with one's sex, often through institutions such as the family, education systems, and media.