Series 66 Quiz
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CLIENT INVESTMENT RECOMMENDATIONS AND STRATEGIES
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An estate plan for a married client creates a qualified terminable interest property (QTIP) trust for her husband, who is a United States citizen. Under the trust, all income is payable to the husband for life at least annually, the remainder passes to their children, no person may appoint trust property to anyone other than the husband during his life, and the executor intends to make the QTIP election.
Which statement about the QTIP trust is correct?
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