If a Trust Qualifies as a Spousal Trust, Which of the Following

question 3

Multiple Choice

If a trust qualifies as a spousal trust, which of the following is FALSE?

• A)Property is deemed to have been sold at its cost amount when transferred to the trust.
• B)The 21-year rule is waived for the trust's first 21-year anniversary.
• C)Both the spouse and any adult children can receive the capital of the trust prior to the spouse's death.
• D)Upon the death of the surviving spouse, the trust property is deemed to be sold at market value.

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Definitions:

Dendrites

The branched projections of a neuron that are responsible for conducting the electrical signals toward the cell body.

Synaptic Connections

The points of contact where two neurons communicate with each other, transmitting signals through the release of neurotransmitters.

Brain's Growth

The process of physiological and structural development of the brain, often most rapidly occurring in childhood and adolescence.

Neuronal Pruning

The process by which extra neurons and synaptic connections are eliminated in order to increase the efficiency of neuronal transmissions.