Which of the Following Is Not a Feature of a QTIP

question 6

Multiple Choice

Which of the following is not a feature of a QTIP?

• A)Bi-annual payments to the spouse.
• B)Exclusive payments for the surviving spouse.
• C)Lifetime income interest in the trust for the surviving spouse.
• D)Mandatory payments to the surviving spouse.

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Definitions:

Economic Freedom

The ability of individuals and businesses to make their own economic decisions without undue government intervention, including property rights, free trade, and access to markets.

Gold Discovery

generally refers to the finding of gold resources, notably the California Gold Rush of 1849 which led to massive migration and economic expansion.

Seceding

The act of formally withdrawing from an organization, union, or especially a federation of states, such as the Southern states seceding from the Union leading to the Civil War.

James Buchanan

The 15th president of the United States, serving immediately prior to the American Civil War.