In 2000,Irv Creates a Revocable Trust,income Payable to His Children

question 101

True/False

In 2000,Irv creates a revocable trust,income payable to his children for life,remainder to his grandchildren.In 2010,Irv relinquishes the power to revoke the trust.If Irv dies in 2012,the trust is not included in his gross estate.

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Definitions:

Inherently Good

A philosophical view that suggests something possesses fundamental, moral positivity by its very nature.

Punishments

Consequences that are applied with the intention of reducing or eliminating an unwanted behavior by causing discomfort or displeasure to the individual receiving it.

Discipline

Discipline involves training or developing by instruction and exercise, especially in self-control or enforcement of orderly conduct, according to rules or principles.

Ecological Systems Theory

The view that explains child development in terms of the reciprocal influences between children and environmental settings.