What is a characteristic of the QTIP trust?
A) Gives all trust income to a surviving spouse for life
B) Upon the surviving spouse's death, the principal passes to someone else
C) All of the above
D) None of the above
Correct Answer:
Verified
Q14: What term describes a trust arising when
Q15: What is a precatory trust?
A) Inter vivos
Q16: What is a characteristic of a precatory
Q17: What is a "pour-over trust"?
A) Implied trust
B)
Q18: What would be a better name for
Q20: What is a type of a marital
Q21: Any person having the legal capacity to
Q22: Corporations cannot serve as trustees.
Q23: After the trustor dies, his or her
Q24: A revocable living trust itself or its
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