Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A) If the donor retains the power to change the trust beneficiary, the gift is complete.
• B) Transfers to an irrevocable trust can be deemed incomplete due to powers retained by the grantor.
• C) Transfers to a revocable trust are completed gifts.
• D) All of the above are false.

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Definitions:

Institutional Advertisements

Advertisements designed to build goodwill or an image for an organization rather than promote a specific product or service.

Goodwill

An intangible asset that represents the value of a company’s brand name, customer relationships, employee relations, and other factors not physical in nature.

Image

The perception or representation of someone or something as reflected through media, design, or public opinion.

Comparative Advertising

A marketing strategy where a brand compares its products or services directly with those of competitors in order to highlight its advantages.