Identify which of the following statements is true.
A)The trustee of a Sec. 2503(c)trust must distribute all of the corpus and accumulated income when the beneficiary reaches the age of 25.
B)The gift tax exclusion is available for a gift of a present or future interest.
C)A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which assets are transferred to the trust.
D)All of the above are true.

Question

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The Answer of Identify which of the following statements is true.
A)The trustee of a Sec. 2503(c)trust must distribute all of the corpus and accumulated income when the beneficiary reaches the age of 25.
B)The gift tax exclusion is available for a gift of a present or future interest.
C)A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which assets are transferred to the trust.
D)All of the above are true.

Identify Which of the Following Statements Is True