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GiftLaw Pro Home   >  Chapter 3 - Deferred Gifts  >  3.6 Lead Trust Applications  >  3.6.3 EZ Lead Trust  >  Basic Quiz

Basic Quiz - 3.6.3 EZ Lead Trust

1. With an EZ lead trust, the term of the trust equals the lesser of a term of years or one or two lives.
           
2. An EZ lead trust allows the trust corpus to be distributed to others at the death of the donor, even though the term of years may not yet be over.
           
3. Selecting the EZ lead trust option does not affect the deduction.
           
4. The probability of the measuring life's ending before the chosen term of years is taken into account for purposes of the deduction.
           
5. An EZ lead trust must be a living lead trust if the donor's life is the measuring life.
           
6. The EZ lead trust option is great for a donor who wishes to pass on property to family at his/her demise.
           
7. The EZ lead trust option can be chosen after the lead trust has already been established.
           
8. With an EZ lead trust, if the donor's life expectancy is longer than the term of years, the trust assets will not be distributed to the others until the death of the measuring life.
           
9. If a donor wishes for the trust to last for a set term of years, he or she should choose the EZ lead trust option.
           
10. With an EZ lead trust, if the donor dies before the term of years is up, the payments to charity would stop at the donor's death.