A QTIP trust must:
A) Give the surviving spouse the right to all the income from the trust property for life
B) Be in the form of a testamentary trust
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
Q9: MATCHING:
-A practice available to spouses to join
Q12: MATCHING:
-An immediate and unrestricted interest in real
Q20: The right to pass on an interest
Q21: As part of an estate plan,a will
Q22: To qualify for the charitable deduction,a gift
Q24: Which is NOT a major type of
Q25: Which of the following is a feature
Q26: Which is NOT a common method of
Q27: Which is NOT a potentially adverse factor
Q28: The practice of gift splitting is available
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