Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) Life estates are valued using actuarial tables.
B) If an individual transfers property in trust and reserves the right to the trust's income for life, the individual retains a life estate.
C) If a grantor transfers property in trust and names a beneficiary to receive only a term- certain interest and then the property is to return to the grantor, the transaction is not subject to gift tax.
D) An individual who receives a remainder interest will receive property after the death of the holder of a life estate.