A Transfer in Trust in Which the Trustee Has the Power

question 11

True/False

A transfer in trust in which the trustee has the power to accumulate income is not a gift of a future interest if the trustee never exercises the power.

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Definitions:

Intellectual Disability

A term used to describe a person with certain limitations in cognitive functioning and skills, including communication, social, and self-care abilities.

Subaverage Intellectual Functioning

A term denoting lower than average intellectual capabilities, which can impact learning and adaptive abilities.

Profound Intellectual Disability

A level of intellectual disability characterized by significant limitations in both cognitive functioning and adaptive behavior, manifesting before 18 years of age.

Sensory Impairments

Involves the loss or diminished function of one or more of the senses, including hearing, vision, taste, smell, and touch.