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harold holstein transfers 150000 into trust, retaining the right to the income for 10 years and at that time directing that the principal be paid
harold holstein transfers 150000 into trust, retaining the right to the income for 10 years and at that time directing that the principal be paid to his son or his sons estate. which of the following statement is correct?
Select the best answer. Harold Holstein transfers $150,000 into trust, retaining the right to the income for 10 years and, at that time directing that the principal be paid to his son or his son's estate. Which of the following statements is correct? Harold has made a completed gift of the remainder because he has forgone dominion and O A. control over the property. O B. Harold has not made a completed gift because he still gets the income. O C. Harold has not made a completed gift because the remainder is difficult to value. D. The gift would be complete when the principal is paid to the son or his estate Step by Step Solution
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