Identify Which of the Following Statements Is True

question 17

Multiple Choice

Identify which of the following statements is true.

• A)The trustee of a Sec. 2503(c)trust must distribute all of the corpus and accumulated income when the beneficiary reaches the age of 25.
• B)The gift tax exclusion is available for a gift of a present or future interest.
• C)A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which assets are transferred to the trust.
• D)All of the above are true.

---

Definitions:

Job Opening

A position of employment that is currently available and seeking candidates to fill it.

Cover Letter

A written document accompanying a resume, explaining the applicant’s credentials and interest in the open position.

Online Portfolio

A digital collection of an individual's work accessible via the internet, showcasing skills, achievements, and experiences to potential employers or clients.

Information Literacy

The set of skills required to identify, locate, evaluate, and use information effectively and ethically.