Refer to Problem 14-45. Explain how your answers would change for each independent situation indicated below: a.

Question:

Refer to Problem 14-45. Explain how your answers would change for each independent situation indicated below:
a. At the end of the trust term, the property passes instead to Holly's nephew.
b. Holly creates the trust in October 2013 for a term of 25 years, after which the property will revert to her.