Which of the Following Is a Completed Gift

question 42

Multiple Choice

Which of the following is a completed gift?

• A)Greta transfers $50,000 to a revocable trust benefiting her children Hans and Julio.
• B)Juan purchases a ski chalet using his own funds, but listing Penelope as a joint owner.
• C)Horatio transfers $60,000 to a bank account with Hazel. Hazel does not contribute any money to the account.
• D)Mike changes the beneficiary of his policy to Meredith.

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Definitions:

Homo Erectus

An extinct species of human that lived approximately 1.9 million to 143,000 years ago, known for its upright walking ability.

Pendants

Jewelry items that hang from a chain worn around the neck.

Bog Areas

Areas characterized by spongy ground with decaying plant matter, often accumulating peat and hosting unique ecosystems.

Anatomically Modern Humans

Refers to members of the species Homo sapiens with physical characteristics similar to those of humans living today.