1. Derrick transfers $10,000,000 to Friendly National Bank to pay the income to Anita for life with the remainder to Ben. What are the gift and estate tax

consequences in the following situations? a. Derrick retains the right to revoke the trust. b. The trust is irrevocable, but Derrick retains the right to add or delete beneficiaries. c. The trust is irrevocable, but Derrick retains the right to alter the amount of income or principal allocated to any beneficiary, including the right to add beneficiaries. d. The trust is irrevocable, but Derrick retains the right to add income or remainder beneficiaries to the trust in his will. e. The trust is irrevocable, but Derrick retains the right to terminate the trust. Upon termination, the principal goes to Ben. f. The trust is irrevocable, but Derrick retains the right to regain title and possession of trust assets if he transfers new assets of equal value to the trust. g. The trust is irrevocable, but Derrick as Trustee retains the right to invest funds, to sell trust property, and to borrow money. h. The trust is irrevocable, but Derrick as Trustee retains the right to distribute income to or among trust beneficiaries.