Multiple Choice

1. Which of the following trusts can be used to accumulate assets for the benefit of minor children by qualifying for the annual gift tax exclusion?
   1. Irrevocable Trust with Crummy Power
   2. Section 2503(b) Trusts
   3. Section 2503(c) Trusts
   4. All of the above
2. Which of the following type of trust provides the best chance of providing the income beneficiary with an income stream that keeps pace with inflation
   1. Annuity Trust
   2. Unitrust
   3. Income Trust
3. Which of the following is a grantor trust for income tax purposes but an irrevocable trust for estate purposes
   1. Irrevocable Life Insurance Trust
   2. Intentionally Defective Grantor Trust
   3. Grantor Retained Income Trust
   4. Charitable Lead Trust