One of your clients wants a trust over which he can exercise exclusive control over disposition of his assets to his children from a former marriage. Which of the following trusts apply?
(1) bypass trust
(2) power of appointment trust
(3) QTIP trust
(4) an estate trust
- 1, 2, and 4 only are correct
- 2 and 4 only are correct
- 1 and 3 only are correct
- 4 only is correct
- all are correct