What are the gift tax consequences if trust is irrevocable

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problem 1: Gail establishes a trust to pay the income to Eric for ten years, withthe remainder to Faith. What are the gift tax consequences if the trust is irrevocable?

Reference no: EM132784742

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What are the gift tax consequences if trust is irrevocable : Gail establishes a trust to pay the income to Eric for ten years, withthe remainder to Faith. What are the gift tax consequences if the trust is irrevocable?
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