Hi please let me know the correct answer choice to each. Thank you!!!

1) Answer the following:

part a: Which of the following is not an "incidence of ownership" for purposes of 2042(2)?

A. The right to name or alter a beneficiary

B. The right to cancel or surrender the policy for cash

C. The right to borrow against the policy

D. The requirement to make premium payments toward the policy

E. The right to revoke the policy

part b: Which of the following elements are not required for a qualified disclaimer?

A. Must be irrevocable and in writing

B. Made within 9 months after the power is created or after power holder reaches 21

C. Power holder has not accepted the interest or any of its benefits

D. The interest passes to someone other than the power holder

E. None of the above

F. All of the above

part c: Tom purchases life insurance naming himself as the insured and his wife Deanna as the beneficiary. If Tom dies during the term of the policy, the life insurance company will pay out $1,000,000. In 2017, after making premium payments of $5,000, Tom transfers the policy to his wife Deanna. After the transfer, Deanna pays the next $5,000 of premiums before Tom's death in 2019. How much of the life insurance proceeds, if any, will be included in Tom's gross estate? A. $0

B. $1,000,000

C. $1,000,000 but only if Tom has incidence of ownership over the policy

D. $5,000

E. $500,000

part D: Which of the following reasons explains why companies and individuals purchase life insurance?

A. Shift the risk of premature death from the individual to the insurance company

B. Retirement

C. Protection in a buy-sell agreement

D. To reduce the decedent's taxable income

E. To increase the value of the estate for the decedent's beneficiaries

F. To reduce the cost of probate

G. A, B, C, and E only

H. A, B, C, and D only

I. A, B, C, E and F only

part E: John purchases an annuity naming his wife Beth as the beneficiary. John dies and the annuity pays his wife $100,000. John contributed $2,000 toward the annuity with John's employer covering the balance of the premium payments of $8,000. How much of the annuity proceeds, if any, will be included in John's gross estate?

A. $100,000

B. $0

C. $20,000

D. $80,000

E. None of the Above

part F: Paul owns Blackacre, FMV is $200,000. Paul gifts Blackacre to his two children, Adam and Beth as joint tenants. Adam dies when Blackacre is worth $500,000. What value of Blackacre must Adam's estate include in his gross estate, if any?

A. $0

B. $200,000

C. $500,000

D. Depends on his contribution toward the purchase price

E. $250,000

part G: Which of the following assets would not be included in the decedent's probate estate?

A. Fee Simple interest in real property

B. Law suit by the decedent against his employer for discrimination

C. Tax Exempt Municipal Bond

D. Life Insurance Policy

E. Joint Tenancy Interest

F. C, D and E only

G. D and E only

part H: Andy's will creates the following testamentary trust: All of Andy's stock to be transferred to trust with income to Ben for life, remainder to Candy upon Ben's 12 death. Upon Ben's death, what will be included in Ben's gross estate if anything? The value of the trust at the time of Ben's death is $1,000,000.

A. $1,000,000

B. $1,000,000 less the income interest

C. $0

D. $1,000,000 less the distributions from the trust

E. None of the Above

Thank you again!