Donor places $100,000 in trust for 11 years, income to be paid to A, remainder to Donor. The Donor is not the trustee. Indicate whether the transfer constitutes a complete gift or an incomplete gift on the date the property is placed in the trust. Do this for each named beneficiary. If the gift is not complete on the date the property is placed in trust, indicate (1) why it is not a complete gift, (2) whether it will become complete in the future, and (3) if it will become complete in the future, the point in time it will become complete.

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Answer In order to determine whether the transfer constitutes a complete gift or an incomplete gift ... View the full answer