Identify Which of the Following Statements Is False

question 70

Multiple Choice

Identify which of the following statements is false.

• A) Assets in a revocable trust do not avoid probate.
• B) The IRS may terminate an estate as a taxpayer after the expiration of a reasonable period of time for performance of the administrative duties.
• C) For purposes of trust administration, the term "sprinkling" relates to the discretionary authority of the trustee to distribute income among various beneficiaries.
• D) Assets in a revocable trust are included in the gross estate.

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Definitions:

Yelling

The act of shouting or calling out loudly and forcefully, often as a means of expressing strong emotion or commanding attention.

Negative Reinforcement

The strengthening of a behavior because a negative condition is stopped or avoided as a consequence of the behavior.

Punishment

A consequence that decreases the likelihood of a behavior being repeated in the future, often used in behavior management strategies.

Shaping

A process in behavioral psychology where successive approximations of a behavior are reinforced to teach a new behavior.