Martin Transfers Stock to an Irrevocable Trust and Names Himself

question 105

Multiple Choice

Martin transfers stock to an irrevocable trust and names himself to receive the trust income for life with the remainder interest gifted to his son. When Martin dies

• A)none of the stock will be included in Martin's estate.
• B)the stock's value at the time of transfer to the trust will be included in Martin's estate.
• C)the value of the stock less the present value of the income receivable by Martin will be included in Martin's estate.
• D)the value of the stock at death will be included in Martin's estate.

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Definitions:

Sexual Dysfunction

Difficulties related to any phase of the sexual response cycle that prevent the individual or couple from experiencing satisfaction.

Stop-start Technique

A sexual therapy technique used to delay ejaculation by stopping sexual stimulation before climax.

Ejaculations

A term generally referring to the sudden discharge of semen from the male reproductive system, often associated with orgasm.

Automatic Response

A reflex action or instinctive action undertaken without conscious thought as a reaction to specific stimuli.