Final Exam

Marys husband, Patrick, died two years ago. Patricks will included the following three testamentary trusts: a trust for the benefit of Marys children, but giving Mary a general power of appointment over the trust assets for the remainder of her life (GPOA Trust), a bypass trust for the benefit of Marys children, but giving Mary a power to invade the trust assets for an ascertainable standard for the remainder of her life (Bypass Trust), and a charitable trust for the benefit of Marys alma mater (Charitable Trust). At Marys death, which of the trusts assets will be included in her gross estate? 1. GPOA Trust. 2. Bypass Trust. 3. Charitable Trust.

Select one: a. 1 only. b. 1 and 2. c. 2 and 3. d. None.