Established testamentary trust funded

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Marlon’s will established a testamentary trust funded with $6 million of income producing assets. His wife Eve and his daughter Amber from a previous marriage were the beneficiaries of this trust. The trust will pay Eve all income for her life and at her death the corpus will be distributed to Amber. Which statement is not correct?

Select one:

a. Marlon’s executor can make a QTIP election to qualify this trust for a marital deduction in Marlon’s estate.

b. If a QTIP election is made, the FMV of the trust assets will be included in Eve’s estate when she dies.

c. Eve can allow the income in the trust to accumulate and be paid to Amber at Eve’s death.

d. The income and corpus cannot be distributed to Amber while Eve is alive.

Reference no: EM131308104

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