Question: What statement pertaining to an inter vivos trust is FALSE? a ) Trust income retained in an inter vivos trust is taxed based on the

What statement pertaining to an inter vivos trust is FALSE? a) Trust income retained in an inter vivos trust is taxed based on the same graduated system used for individual taxpayers. b) The governing document for an inter vivos trust is a trust deed or indenture.c) A transfer of property to an inter vivos trust for less than fair market value may result in the attribution of income to the transferor. d) An inter vivos trust can be an effective planning vehicle when the property held in the trust is not expected to generate significant amounts of taxable income each year.

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