In Which of the Following Independent Situations Has Trent Made

question 47

Multiple Choice

In which of the following independent situations has Trent made a gift?

• A) Trent established an irrevocable trust, income payable to himself for life and, upon his death, remainder to his children.
• B) Trent dies owning a U.S. savings bond with ownership listed as: "Trent, payable to Sue on Trent's death." Sue redeems the bond.
• C) Trent sends $25,000 to Alice's oral surgeon in payment of her dental implants. Alice is Trent's sister and does not qualify as his dependent.
• D) Trent pays Eva $800,000 in a property settlement of her marital rights. One month later, Trent and Eva are divorced.

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Definitions:

Status Structure

The hierarchical organization of individuals within a group or society based on their status or rank.

Andes Survivors

Refers to the group of individuals who survived a plane crash in the Andes mountains in 1972, famously resorting to cannibalism to stay alive.

Hierarchical

Relating to a system where members or elements are ranked above one another according to status or authority.

Group Socialization

The process through which individuals learn the values, norms, and behaviors acceptable to a particular group or society.