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.

---

Definitions:

Political Issues

Matters concerning the governance of a country or area, often involving debates on policies, governance structures, and the distribution of power.

Sample

A subset of individuals, items, or data taken from a larger population or set, used for analysis or measurement representative of the whole.

Political Knowledge

The level of understanding an individual has about political processes, principles, and the functioning of government.

Political Opinions

Views or attitudes towards political subjects, policies, or issues, influenced by personal beliefs and values.