Question
D created a trust, naming X as trustee. Income is to be paid to X for life, remainder to Y or Y's estate. D retained
D created a trust, naming X as trustee. Income is to be paid to X for life, remainder to Y or Y's estate. D retained a power, with X's approval, to revoke the trust. D died without exercising his power to revoke. Is the trust includible in his estate?
A. Yes
B. No
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
