1. G creates an irrevocable trust and transfers $5,000,000 to the trust. The terms of the trust are that the trust will continue for 44 years (income payable to B) and at the end of 44 years, the principal will revert back to G. G has no other power over the trust. Assume the 7520 rate is 7%
2. Is this a Grantor Trust? _______________.
 
3. Would your answer to (i) change if the trust term were 45 years? ______________.
 
4. Would your answer to (i) change if the trust were funded with $10,000,000 instead of $5,000,000 ______________.