Which of the following powers would result in the property subject to the power being included in a decedent's estate?

A.the power to direct issuance of voting proxies

B.the power to add to the corpus

C.the power to change beneficiaries

D.the power to direct the reinvestment of funds

Which of the following statements concerning federal estate tax is correct?

A.All transfers made within 3 years of death must be brought back into the gross estate for federal estate tax purposes.

B.Jointly held property is not subject to federal estate tax.

C.Property passing outside the probate estate is not subject to federal estate tax.

D.For all estates required to file a return, a federal estate tax return must be filed within 9 months of death unless an extension is granted.

Which of the following gratuitous property transfers will be included in a donor's gross estate at its date-of-death value for federal estate tax purposes?

I. a lifetime transfer in which the donor retained the power to change the donees' shares of the transferred property

II. a lifetime transfer in which the donor retained a reversionary interest on the date of death equivalent to 3 percent of the value of the property

A.I only

B.II only

C.Both I and II

D.Neither I nor II