18. D owns property P ("P") which has a fair market value ("FMV") of $3,000,000. D sells a remainder interest in the property to X, an unrelated individual, for $1,000,000 (the FMV). D dies when the FMV of the property is $5,000,000. No portion of the property will be included in D's gross estate. a. True

b. False

19. G transfers $1,000,000 to Trust T. Trust T provides that G, or G's estate, shall receive trust income for a period of 10 years and G's son S shall receive the remainder. G has made a gift of $1,000,000. a. True b. False