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  • Exam Name: Oracle Revenue Management Cloud Service 2020 Implementation Essentials

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NEW QUESTION: 1
All the following statements concerning revocable trusts are correct EXCEPT:
A. A transfer to a revocable trust changes the income tax picture of the grantor.
B. Property transferred to a revocable trust typically avoids being included in the probate estate of the grantor.
C. A transfer to a revocable trust is treated as an incomplete gift for gift tax purposes.
D. Revocable trusts are created and operate before the death of thesettlor.
Answer: A

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