Exam Question 2 of 50 Select the best answer. Which of the following would not b

Question

Exam Question 2 of 50 Select the best answer. Which of the following would not be treated as an impermissible retention of power over beneficial interests in the trust by the grantor under IRC 5674? AThe grantor retains a power of appointment that is subject to a fiduciary duty and can only be exercised in the interests of the beneficiaries. R The grantor retains the right to remove her daughter, currently the only income beneficiary of ??. the trust, as a beneficiary of the trust in the future and to substitute another party O C. The grantor retained the right to amend the trust document. The trustees appointed for the trust always follow the directions of the grantor with regard to powers over beneficial interests O D. Su Answars

Explanation / Answer

Option (C) is correct. The grantor retained the right to amend the trust document would not be treated as an impermissible retention of power over beneficial interests in the trust by the grantor under IRC section 674

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