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In the case of a gift-leaseback, which of the following is not true? a. The trust must have an independent trustee unrelated to the grantor.
In the case of a gift-leaseback, which of the following is not true?
a. The trust must have an independent trustee unrelated to the grantor.
b. The leaseback must be in writing.
c. The gift in trust must have a bona fide business purpose.
d. The donor cannot retain the same control over the property as he did before the gift was made.
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