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Calvin established an irrevocable trust for the sole benefit of his daughter, Francey, who is the trust beneficiary. The trust owns a deferred annuity; Calvin's

Calvin established an irrevocable trust for the sole benefit of his daughter, Francey, who is the trust beneficiary. The trust owns a deferred annuity; Calvin's wife, Veronica, is the annuitant. The trust is managed by BCA Wealth Partners. Who owns the beneficial interest in this trust? (Search Chapter 6)

a. Calvin

b. Francey

c. Veronica

d. BCA Wealth Partners

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