Question $9$ D creates a trust with income to X or X$\text{'}$s estate for D$\text{'}$s life, and a remainder to Y or Y$\text{'}$s estate. What is the result under sections $2036$ and $2038$ if D predeceases all parties $($X$,$ Y$,$ and Z$)$ in the following situations? D$,$ as trustee, retains a power to invade the corpus for Z$.$ Assume Z is not a dependent of D$.$

Group of answer choices

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under section $2038$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ and $2038.$

None of the above.

Question $10$

With respect to Question $9,$ D$,$ as trustee, only retains the power to give the remainder to Z$.$

Group of answer choices

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under section $2038$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ and $2038.$

None of the above.

Question $11$

With respect to Question $9,$ D$,$ as trustee, only retains the power to accumulate the income so that it is added to the corpus.

Group of answer choices

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under section $2038$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ and $2038.$

None of the above.

Question $12$

With respect to Question $9,$ D provides that the trustee shall have the power to give corpus to Z and names his friend, F$,$ as trustee, but retains no power to remove F as trustee and name D as trustee.

Group of answer choices

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under section $2038$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ and $2038.$

None of the above.

Question $13$

With respect to Questions $9$ and $12,$ D creates the trust described in the foregoing question but retains a power to remove F as trustee and name D as trustee.

Group of answer choices

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under section $2038$ only.

Some or all of the value of the trust is includible in D$\text{'}$s gross estate under sections $2036$ and $2038.$

None of the above.

Question $14$

With respect to Questions $12$ and $13,$ assume F died whilst acting as trustee. Which statement best describes the estate tax consequences for F$\text{'}$s gross estate?

Group of answer choices

The value of the trust corpus is includible in F$\text{'}$s gross estate under section $2033$ because as trustee, he had incidents of ownership in the property insofar as he held legal title to the corpus.

None of the value of the trust's corpus is includible under F$\text{'}$s gross estate under section $2033$ because he held the trust as a fiduciary and had no beneficial interest in the trust.

Some or all of the value of the trust corpus is includible in F$\text{'}$s gross estate under both sections $2036$ and $2038.$

Some or all of the value of the trust is includible in F$\text{'}$s gross estate under section $2038$ only.

None of the above.