D was the life income beneficiary of a trust created by X, and had the power to appoint the trust corpus to anyone, after the death of R. D died in the current year survived by R. Is the trust includibJe in D's estate?

A.Yes B.No

D was the owner of a life insurance policy. D died while scuba diving in an underwater cave in the Atlantic Ocean off the coast of Florida D had no means of communicating with the outside world at his death and thus could not have exercised any of the incidents of ownership in the policy. For this reason, the policy proceeds would not be includible in his gross estate.

A. True B. False

D took out an insurance policy on his life, primarily to ensure the availability of cash for payment of claims and taxes when D died. The policy was payable to D's bank to pay the mortgage on D's residence. Upon D's death will the policy proceeds be included in his estate.

A.Yes B.No

Employer B carries a group life insurance policy on its employees. The employees own the right to change the beneficiaries and the right to terminate the policy. If an employee dies, the proceeds from the policy must be included in the deceased employee's gross estate.

A. True B. False