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:

Preferred Role

A person's favored or desired position or function within a particular context or environment.

Self-decorate

Self-decorate involves personalizing one's appearance or surroundings to express individuality or preferences.

Self-mutilate

Self-mutilation involves deliberately harming one's own body without suicidal intent, often as a way to cope with emotional distress or psychological pain.

Body Cathexis

The emotional significance one attaches to their own body or specific body parts, affecting self-esteem and body satisfaction.