Question
Which of the following is not considered a power to distribute income to or for the benefit of the grantor under IRC Section 677? A
Which of the following is not considered a power to distribute income to or for the benefit of the grantor under IRC Section 677?
A distribution may be made by a nonadverse party to the grantor's spouse
A possibility exists that the grantor might receive an interest back as a surviving spouse under a statutory right of election
A power is exercisable by the grantor's spouse to accumulate income for the benefit of the grantor
A power is exercisable by the grantor to apply the income of the trust to pay premiums on a second to die policy covering the grantor and his/her spouse.
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