Which of the Following Statements Is True

question 32

Multiple Choice

Which of the following statements is true?

• A)Transfers to an irrevocable trust can be deemed incomplete due to powers retained by the grantor.
• B)If the donor retains the power to change the trust beneficiary, the gift is complete.
• C)Transfers to a revocable trust are completed gifts.
• D)All of the above are false.

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Definitions:

Coherent Paragraphs

Coherent paragraphs are composed of sentences that are logically connected, making the content clear and easy to follow.

Planning Phase

The initial stage in a project or process where goals are defined, strategies are developed, and tasks are outlined.

Better Results

Improved outcomes or achievements, typically resulting from refined processes, increased effort, or innovative strategies.

Communication Goals

are objectives an individual or organization aims to achieve through communication, such as informing, persuading, or building relationships.