14. During life D, and D's employer each contributed $500,000 to a retirement plan established by the employer. When D reached the age of 55, D was eligible to begin receiving payments of $100,000 per year for D's life. However, D elected to wait until D was 60 to begin receiving payments of $150,000 per year. D died 6 years later after D received $750,000 total. D will include $250,000 in D's Gross Estate.

a. True b. False

15. D died in 2020. Under the Will of D's Uncle, D had a testamentary power to appoint the property of Trust T, valued at $10,000,000 at the time of D's death, to any member of D's family including D's spouse. D appointed half of the property ($5,000,000) to D's son and half ($5,000,000) to D's spouse in D's Will. D will receive a marital deduction of $5,000,000

a. True b. False

16. D transfers $10,000,000 to an irrevocable trust with the following provisions: Income to spouse S, payable annually, for the life of S and remainder to D's really good friend. The trustee is allowed, in the Trustee's discretion, to invade trust principal and pay it to S. D is eligible to receive a $10,000,000 marital deduction, in the year of transfer.

a. True

b. False

17. D transfers $10,000,000 to irrevocable trust T, and retains the right to receive $300,000 per year for D's life, remainder to D's child X. D has made a gift of $10,000,000 a. True b. False