Multiple Choice
A QTIP trust must:
A) Be in the form of a testamentary trust
B) Give the surviving spouse the right to all the income from the trust property for life
C) Allow the trustee to use any amount of the trust principal for any purpose
D) Give the surviving spouse a general power of appointment
Correct Answer:
Verified
Correct Answer:
Verified
Q1: MATCHING:<br>-A practice available to spouses to join
Q3: Gifts of future interests do not qualify
Q4: Estate planning must always take place before
Q5: Which is NOT a way in which
Q6: Which is NOT a potentially adverse factor
Q7: Which of the following is a feature
Q8: To qualify for the charitable deduction, a
Q9: A charitable remainder annuity trust allows for
Q10: Which is NOT a common method of
Q11: MATCHING:<br>-The right to pass on an interest