A ________ gives the individual establishing the trust the ability to direct income from the trust to his or her spouse over the spouse's life, and then to whomever else the individual wants the funds to go.

Question

Quizplus · Accepted Answer

The trust described in the question is a type of qualified terminal interest property trust (Q-TIP), which allows the grantor to provide for their spouse during their lifetime and then distribute assets to other beneficiaries at the spouse's death.

A ________ Gives the Individual Establishing the Trust the Ability