Which of the following statements is an incorrect statement about an advantage o

Question

Which of the following statements is an incorrect statement about an advantage of the use of the "qualifying-interests:" GRATs, GRUTs, PRTs, and QPRTs?

a. a GRAT or GRUT can be used to remove appreciation on the transferred property which accrues after the GRAT or the GRUT is created.

b. a GRAT gives the holder of the term interest the right to an irrevocable right to receive a fixed amount no less than annually.

c. this technique requires the use of a revocable trust.

d. all of the above statements are correct.

Explanation / Answer

Answer: d. all of the above statements are correct.

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