William set up a trust for his parents.Each parent is to receive one-half of the income for his or her lifetime; when one parent dies, all income is to go to the surviving parent.When the other parent dies, the remainder is to go to William.This trust is
A) A revocable trust.
B) An irrevocable trust.
C) A grantor trust.
D) A complex trust.
Correct Answer:
Verified
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