D creates a trust with a value of $10,000,000 and retains a life estate with remainder to X or X's estate. Later, D sells the remainder interest to X for its then actuarial value of $4,000,000. Ddies two years later. The fair market value of the trust on D's date of death is $12,000,000. The amount of the trust includible in D's grossestate, if any, is:

A. $4,000,000 B. $-0- C. $6,000,000 D. $8,000,000

D creates a trust with income to X for I0 years and a remainder interest to X or X's estate. D retains the right to direct the trustee to accumulate the income in such amounts as D directs. Because X or the takers from his estate will receive all of the accumulated income in any event, the trust will not be includible in D's estate.

A. True B. False

D created an irrevocable trust with income to X for X's life with a remainder to Y or Y's estate. D was trustee and he retained the right to give Z as much income as is needed each year for Z's support and maintenance. Upon D's death, will the trust be included inhis gross estate?

A. Yes, because he was trustee. B. No, because his power to give income to Z is limited by an ascertainable standard. C. Yes, because X has a right to the income for his life. D. No,because it is uncertain if Y or his estate will receive any of the trust property.