1- Which of the following powers would result in the property subject to the power being included in a decedents estate?

A. the power to direct the reinvestment of funds

B. the power to add to the corpus

C. the power to change beneficiaries

D. the power to direct issuance of voting proxies

2- Which of the following gratuitous property transfers will be included in a donors gross estate at its date-of-death value for federal estate tax purposes?

I. a lifetime transfer in which the donor retained the power to change the donees shares of the transferred property

II. a lifetime transfer in which the donor retained a reversionary interest on the date of death equivalent to 3 percent of the value of the property

	A.	I only
	B.	II only
	C.	Both I and II
	D.	Neither I nor II