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13.Diane establishes a trust and subsequently transfers $10,000,000 in stock to the trust. Diane names the beneficiaries as her two children with a corporate trustee.

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13.Diane establishes a trust and subsequently transfers $10,000,000 in stock to the trust. Diane names the beneficiaries as her two children with a corporate trustee. Diane retains the right to replace the beneficiaries. Diane will be required to file Form 709 to report the transfer and Form 706 to report the retained interest at death. TRUE OR FALSE

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