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D created an irrevocable trust with income to A for life, remainder to B or B's estate. D retained the power to give income to
D created an irrevocable trust with income to A for life, remainder to B or B's estate. D retained the power to
give income to D with A's approval. What are the gift tax consequences?
A.The gift of the income interest is complete. The gift of the remainder is incomplete.
B.The gift of the income interest is incomplete. The gift of the remainder is complete.
C.The gifts of both the income interest and the remainder interest are incomplete.
D.The gifts of both the income interest and the remainder interest are complete.
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