Identify Which of the Following Statements Is False

question 19

Multiple Choice

Identify which of the following statements is false.

• A)A future interest includes reversions, remainders, and other interests, which are limited to commence in use, possession, or enjoyment at some future date or time.
• B)The gift tax exclusion is available only for a gift of a present interest.
• C)A trust for a minor (Sec. 2503(c)trust)must distribute all of its income currently in order to qualify for the annual exclusion.
• D)For a transfer made in trust, each beneficiary is deemed to be a separate donee.

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Definitions:

Contemplated Suicide

The act of considering or thinking about taking one's own life.

Distressing Symptoms

Experiences or feelings that are uncomfortable, painful, or troubling to the individual, often related to illnesses or psychological disorders.

Dissociative Disorders

Psychological disorders that involve a sudden loss of memory or change in identity due to the dissociation (separation) of the individual’s conscious awareness from previous memories and thoughts.

Post-traumatic Stress Disorder

A psychological disorder caused by directly experiencing or seeing a traumatic incident, leading to recurring nightmares, flashbacks, and intense stress.