Tia Funds an Irrevocable Trust with $100,000, Naming Vonda to Receive

Multiple Choice

Tia funds an irrevocable trust with $100,000, naming Vonda to receive income for life. Tia also grants Vonda a general power of appointment during her life. During the next year, Vonda directs the trustee to give $100,000 to Rick. Which of the following statements is not correct?

A) Tia made a $100,000 gift to Rick.
B) Vonda makes a $100,000 gift to Rick.
C) Tia has made a gift of $100,000 to Vonda.
D) Exercising a general power of appointment constitutes a gift.