Identify Which of the Following Statements Is False

question 92

Multiple Choice

Identify which of the following statements is false.

• A)If an individual transfers property in trust and reserves the right to the trust's income for life, the individual retains a life estate.
• B)An individual who receives a remainder interest will receive property after the death of the holder of a life estate.
• C)If a grantor transfers property in trust and names a beneficiary to receive only a term-certain interest and then the property is to return to the grantor, the transaction is not subject to gift tax.
• D)Life estates are valued using actuarial tables.

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Definitions:

Arthur Conan Doyle

Arthur Conan Doyle was a British writer best known for creating the detective Sherlock Holmes.

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The use of components in sentences that are grammatically the same or similar in their construction, sound, meaning, or meter.

Sentence Variety

The use of different sentence structures to make writing more engaging and to better convey ideas.