If an asset is transferred under a trust but it is not revocable during the life time of the beneficiary, it will be
A. Treated as revocable transfer
B. Treated as irrevocable transfer
C. Can be both
D. None of the above
Answer:B
If an asset is transferred under a trust but it is not revocable during the life time of the beneficiary, it will be
A. Treated as revocable transfer B. Treated as irrevocable transfer C. Can be both D. None of the above