5. Lois had a bank account in the amount of $15,000 that was owned fee simple. She wanted to make sure her son, Ronnie, could access the money just in case so she changed the ownership of the account to JTWROS in her and Ronnies name equally. Ronnie has not made any withdrawals. True or False: Loiss action constitutesa gift.

6. True or False: Giving away property that has decreased in value is a good strategy for both the giver and the recipient.