Identify Which of the Following Statements Is False

question 54

Multiple Choice

Identify which of the following statements is false.

• A)A gift occurs when a revocable trust is funded.
• B)A gift does not occur until the transfer is complete.
• C)A transfer is incomplete (and not subject to the gift tax)if the donor retains the power to name new beneficiaries or to change the interests of the beneficiaries.
• D)Transfers to an irrevocable trust can be deemed incomplete.

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Definitions:

Chiropractic

A healthcare discipline focused on the diagnosis, treatment, and prevention of mechanical disorders of the musculoskeletal system, especially the spine.

U.S. Military

The armed forces of the United States of America, which include the Army, Navy, Marine Corps, Air Force, and Coast Guard.

Spinal Misalignments

Refers to incorrect positioning of the vertebral bones, which can lead to various physical disorders.

Health Problems

Conditions or diseases that disrupt normal body functions, leading to a state of ill-health.