Multiple Choice

1. During the year, if a trust distributes corpus (principal), it is classified as a
   1. Grantor Trust
   2. Simple Trust
   3. Complex Trust
   4. Complicated Trust
2. Which of the following rights, if retained by the grantor, will cause the trust to be included in their estate?
   1. Right to receive income from the trust
   2. Right to amend the trust
   3. Reversionary interest in excess of 5%
   4. All of the above will cause inclusion in the gross estate
3. Which of the following trust is typically created through a decedents Will?
   1. Inter Vivos Trust
   2. Grantor Trust
   3. Credit Shelter Trust
   4. All of the above
   5. None of the above