An Income Interest in a Trust

question 52

Multiple Choice

An income interest in a trust

• A)must be established for a fixed term in years.
• B)is not eligible for the annual exclusion.
• C)must be irrevocable to be eligible for the annual exclusion.
• D)is irrevocable if the donor only controls who may receive trust income.

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Definitions:

Base

In Marxist theory, the base refers to the economic foundation of a society, including the means of production and relations of production, which determines the superstructure.

Objectification

involves treating a person as an object or commodity, disregarding their personality or dignity, often seen in the context of sexual objectification.

Material Objects

Physical items or entities that occupy space and can be perceived by the senses.

Dialectical Method

A philosophical methodology, especially associated with Hegel and Marx, emphasizing the resolution of contradictions in historical, social, and intellectual phenomena.