A QTIP Trust Must

question 2

Multiple Choice

A QTIP trust must:

• A)Be in the form of a testamentary trust
• B)Give the surviving spouse the right to all the income from the trust property for life
• C)Allow the trustee to use any amount of the trust principal for any purpose
• D)Give the surviving spouse a general power of appointment

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Definitions:

Health-related Problems

Issues or conditions that impact an individual's physical well-being and require medical attention or intervention.

Aerobic Exercise

Physical activity that requires the pumping of oxygenated blood by the heart to deliver oxygen to working muscles, enhancing cardiovascular efficiency.

Base of Support

The area beneath an object or person that includes every point of contact that the object or person makes with the supporting surface.

Centre of Gravity

The point in a body or system where the weight is evenly distributed and about which the body is balanced.