To Avoid the Terminable Interest Limitation on the Marital Deduction

question 161

True/False

To avoid the terminable interest limitation on the marital deduction, the surviving spouse must be granted a general power of appointment over the trust property, or a QTIP election must be made.

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Definitions:

Lead

A chemical element with the symbol Pb and atomic number 82, known for its use in batteries, bullets, and as a protective shielding against radiation.

Refuse Act

A federal law aimed at protecting navigable waters in the United States by prohibiting the discharge of refuse into these waters without a permit.

Clean Water Act

A U.S. federal law aimed at reducing pollution and protecting the quality of waters.

Water Pollution

The contamination of water bodies such as lakes, rivers, oceans, and groundwater caused by harmful substances or heat, which degrades water quality and adversely affects aquatic ecosystems and human health.