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Revoke one-fourth of the trust

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On January 15th, Linus transfers property to a trust over which he retains a right to revoke one-fourth of the trust. The trust is to pay Patti 5% of the trust assets valued annually for her life with the remainder to be paid to a qualified charity. On September 1st, Linus dies and the trust becomes irrevocable. Which of the following statements is/are correct?

Reference no: EM132545912

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Revoke one-fourth of the trust : On January 15th, Linus transfers property to a trust over which he retains a right to revoke one-fourth of the trust.
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