Which of the Following Transfers Is a Complete Gift

question 140

Multiple Choice

Which of the following transfers is a complete gift?

• A)Payment of child support by a former spouse.
• B)Transfer of property to a revocable trust.
• C)Transfer of cash to a bank account held in joint tenancy with the right of survivorship.
• D)Income paid to the beneficiary of a revocable trust.
• E)None of the choices is a complete gift.

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Definitions:

Y-linked Recessive

A mode of genetic inheritance in which a trait is carried on the Y chromosome and manifests only in males, as females do not inherit Y chromosomes.

X-linked Recessive

A pattern of inheritance in which a mutation is located on the X chromosome, typically affecting males more severely since they have only one X chromosome.

Heritability

A measure of how much of the variation in a trait among individuals within a population can be attributed to genetic differences.

Twins

Two individuals born from the same pregnancy, who can be either identical (from one egg) or fraternal (from two different eggs).