Identify Which of the Following Statements Is False

question 21

Multiple Choice

Identify which of the following statements is false.

• A) For a transfer made in trust, each beneficiary is deemed to be a separate donee.
• B) A trust for a minor (Sec. 2503(c) trust) must distribute all of its income currently in order to qualify for the annual exclusion.
• C) 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.
• D) The gift tax exclusion is available only for a gift of a present interest.

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Definitions:

Responsibility

The obligation to bear the consequences of one's actions, and the moral duty to act in accordance with expectations of the role or situation.

Irving Yalom

An American existential psychiatrist known for his work in group psychotherapy and existential psychotherapy.

Existential Counseling

A therapeutic approach that focuses on helping individuals confront existential dilemmas and create meaningful lives through self-determination and personal responsibility.

Inclusion

The practice or policy of providing equal access to opportunities and resources for people who might otherwise be excluded or marginalized.