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Henry makes a gift of 2,000 shares of Ford stock to his son as custodian...

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Accounting

Henry makes a gift of 2,000 shares of Ford stock to his son as custodian for Henry's grandson under the state's Uniform Transfer to Minors Act. At the time of the gift, the grandson was 15 years old. At age 18, the local age of majority, the shares were delivered dividends from the shares. On attaining age 21, he disc;aimed the shares. Which of the following statements is correct? a. if the grandson accepts no dividends after age 21, he can disclaim b. No disclaimer is possible due to prior dividends c The disclaimer must be made within six months of age 21 d The grandson received shares at age 18, so he cannot disclaim

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