Which of the following statements does not accurately describe a $2503$c trust?A$.$Assets transferred to the trust are considered present interest gifts and qualify for the gift tax annual exclusion.B$.$The present value of the income received by the minor over the term qualifies for the gift tax annual exclusion.C$.$Income accumulates within the trust and is not required to be distributed annually.D$.$The assets will be included in the grantors gross estate if they serve as trustee of the assets.