D, a single taxpayer, is the owner of a policy of insurance on Ds own life, a Straight life policy requiring annual $5,000 premium payments until Ds death.

(A) When the policy was properly valued at $75,000, D assigned all right, title, and interest in the policy irrevocably to child C. if this was Ds only gift-type transfer in the year, what was the total amount of gifts by D for the year?

(B) What is the result in question (A), above, if D instead transferred the policy to a trust under which, when D died, the proceeds were to be invested and paid to C for life, with a remainder to GC, Cs child?

(C) What is the result in (B), above, if D transferred $5,000 per year to the trust to pay the premiums on the policy?

(D) What is the result in (C), above, if D also gave C the right, in each year, to take $5,000 transfer from the trust and use it for any purpose C desires?