In which,if any,of the following independent situations has Ted made a gift?
A) Ted established a trust, income payable to himself for life and, upon his death, remainder to his children.
B) Ted dies owning a U.S. savings bond with ownership listed as: "Ted, payable to Sue on Ted's death." Sue redeems the bond.
C) Ted sends $25,000 to Alice's oral surgeon in payment of her dental implants. Alice is Ted's sister and does not qualify as his dependent.
D) Ted pays Grace $800,000 in settlement of her marital rights. One month later Ted and Grace are divorced.
E) None of the above.
Correct Answer:
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