Justine transferred $100,000 to a 2503(c) trust for her daughter Mattie last week. Mattie will receive the accumulated income and corpus when she reaches age 21. Which statement is not correct?

Select one:

a.

Justine can take an annual exclusion to reduce the taxable gift to $86,000.

b.

The gift is a future interest gift because income will not be distributed to Mattie until she turns 21

c.

If Mattie dies before the assets are distributed, they are included in her estate

d.

Mattie can request in writing that the trustee continue the trust once she reaches age 21