Kristi transferred $$10,000,000$ to the Kristi Family Trust. The trust is designed as an irrevocable grantor trust. Kristi retained a $5\%$ annuity payout from the trust for the lesser of five years after the establishment of the trust or until her date of death, and she has named her only nephew, Alex, as the remainder beneficiary of the trust. Of the following statements regarding Kristis transfer to this trust, which is true?

Explain he annuity interest from the trust, if she dies during the five years after the establishment of the trust, the full fair market value of the trust assets will be included in her gross estate.

$($b$)$ Because Kristi retained the annuity interest from the trust, she has not made a completed transfer $($for gift tax purposes$)$ to her nephew at the date she transferred $$10,000,000$ to the Kristi Family Trust.

$($c$)$ Any income within the Kristi Family Trust is taxed to the trust.

$($d$)$ The Kristi Family Trust is a testamentary trust because the term of the trust relates to her death.

Note: Provide the accurate explanation to correct and incorrect options.