Refer to Problem C:14-45. Explain how your answers would change for each independent situation indicated below:

a. At the end of the trust term, the property passes instead to Holly’s nephew Nathan.

b. Holly creates the trust in October 2020 for a term of 25 years, after which the property will revert to her.

Data from Problem C;14-45:

Holly funded the Holly Marx Trust in January 2020. The entire trust income is payable to her adult son Jack for 20 years. At the end of the twentieth year, the trust assets are to pass to Holly’s husband. In the current year, the trust realizes $30,000 of dividend income and a $15,000 long-term capital gain. How much income is taxed to the trust, the grantor, and the beneficiary in the current year?