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:

Reproductive Success

An organism's ability to pass its genes onto the next generation, often measured by the number of offspring that survive to reproductive age.

Physical Attractive

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful.

Menstruate

The process in which blood and other materials from the lining of the uterus are discharged externally, occurring in most females as part of the monthly menstrual cycle.

Biological Reductionism

A perspective in psychology and other sciences that seeks to explain complex phenomena in terms of simpler biological processes.