All of the following statements concerning the income beneficiary of a trust are correct, EXCEPT: A. An income beneficiary in a trust can be given to the beneficiary, while also naming the same individual as the remainder beneficiary of the trust. B. A decedent will commonly create a testamentary trust that names his wife as the income beneficiary of his property for the rest of his life and his children as the remainder beneficiaries. C. A dynasty trust only has income beneficiaries. The trust property will never vest with a remainder beneficiary. D. When the property is paid to the remainder beneficiary at the termination of a trust, if the income beneficiary is a different individual than the remainder beneficiary, the income beneficiary is treated as having made a taxable gift to the remainder beneficiary.