Derrick dies, and under the terms of his will, all of his property passes outright to Dion (Derrick's surviving wife). Under these circumstances, there is no need for Derrick's executor to make a QTIP election.

Question

Quizplus · Accepted Answer

A QTIP election is not necessary because all of Derrick's property passes outright to his surviving spouse, Dion. A QTIP election is only necessary if some of Derrick's property is left in a trust for Dion's benefit.

Derrick Dies, and Under the Terms of His Will, All