D. Acharitable remainder annuity trust 39. Lyla at age 56 has an aggressive-growth stock portfolio valued at $6 million. Lyia would like to remove this portfolio and its future appreciation from her gross estate and from her probate estate. She would like to gift the portfolio to her two daughters, but she is reluctant to do so because she wants some income for the next nine years that might provide her with a hedge against inflation. Lyia has made many taxable gifts to her children in the past and she is concerned about the amount of gift tax she would have to pay if she gifted the portfolio outright to her daughters today. What planning technique will meet Lyla's objectives? A. Acharitable remainder unitrust B. A grantor retained unitrust C. A grantor retained income trust D. Acharitable lead unitrust 40. Archie, age 72, is a widower who owns a partial interest in a ski resort in Vermont. His ownership interest in the property is currently valued at $8 million. The ski resort continues to appreciate every year, and Archie's estate is now worth $10.5 million. Archie wants to remove this property from his gross estate, and he is contemplating making a gift of his interest to his son Tyler, a hedge fund manager. However, Archie realizes he may need the income from the property for the rest of his life. What planning technique will meet Archie's objectives? A. A private annuity B. An installment sale C. Agift lease-back D. An outright gift of his shares in the ski resort to Tyler