Which of the following is CORRECT regarding a split$-$interest property $($i$.$e$.,$ a trust$)?$

a$.$ A trust can create two or more separate property interests $$ an income interest and a remainder interest.

b$.$ It may be particularly important for clients who have most of their estate tied up in a very valuable asset that they do not want to sell and want to divide amongst their children.

c$.$ A trust can be used to create temporal discounts $-$ a discount generated by the passage of time $-$ on the transfer of property in an effort to lower the value of a gift or estate transfer for tax purposes.

Group of answer choices

b and c

a and c

a$,$ b$,$ and c

a and b