Which of the following is not a feature of a QTIP?
A)Bi-annual payments to the spouse.
B)Exclusive payments for the surviving spouse.
C)Lifetime income interest in the trust for the surviving spouse.
D)Mandatory payments to the surviving spouse.

Question

Quizplus · Accepted Answer

QTIP trusts do not have a requirement for bi-annual payments to the surviving spouse. Instead, the surviving spouse is given exclusive payments and a lifetime income interest in the trust. While payments may need to be made to fulfill the income interest, they are not mandatory.

Which of the Following Is Not a Feature of a QTIP