Derrick dies, and under the terms of his will, all of his property passes outright to Dionne (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 (Qualified Terminable Interest Property) election is only necessary when the decedent's property passes to a trust for the benefit of the surviving spouse rather than outright ownership by the surviving spouse. In this case, Derrick's property passes outright to his surviving wife Dionne, so there is no need for an election.

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