F transfers $100,000 in trust to trustee T.Under the terms of the trust instrument, S (F's son) is to receive the income of the trust for his lifetime.Upon S's death, the corpus will be distributed to GC, S's daughter.The beneficiaries of this trust are

Question

Quizplus · Accepted Answer

The beneficiaries of this trust are S and GC as S is entitled to the income of the trust for his lifetime and upon his death, the corpus will be distributed to GC. T is the trustee and not a beneficiary of the trust.

F Transfers $100,000 in Trust to Trustee T