In Which of the Following Situations Will the Grantor Trust

question 10

Multiple Choice

In which of the following situations will the grantor trust rules apply?

• A) The trust is irrevocable, the income must be paid out currently, and the trust assets will revert to the grantor at the end of nine years.
• B) The grantor trust rules will apply in each of the situations.
• C) The trust is irrevocable, and the trustee, who is also the grantor, has the power to distribute or accumulate income for the named beneficiary.
• D) The trust is revocable and mandates the distribution of income to the named beneficiary.

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