16. David would like to fund a charitable trust and name himself as the income beneficiary. He would like his payout from the trust each year to be stable. Given his goals, which type of a charitable trust should David fund? (A) CLAT (B) CLUT (C) CRAT (D) CRUT 17. In addition to substantial probate assets, Alexander Gudonov has a $1 million ordinary life insurance policy payable to his estate. He wants the life insurance proceeds to provide income to his wife for the remainder of her life and then to provide for his two children after her death. He would like to arrange the estate plan so that federal and state death taxes are as low as possible. Which of the following courses of action is best for his estate plan? (A) (B) (C) He should assign the policy to his wife, and she should establish a revocable inter vivos trust to receive the death proceeds. He should establish a revocable inter vivos trust and change the beneficiary designation so that the trustee will receive the death proceeds. He should assign the policy to an irrevocable inter vivos trust with five-and-five powers and designate the trustee to receive the proceeds. He should name his wife as the beneficiary to receive the proceeds at his death, and she should establish a testamentary trust in her will to which the proceeds will pass at her death. (D) 18. Max and Ruby have resided together for several years but never got married. Max is concerned that if he dies first, his family may contest the transfer of his assets to Ruby through his will. Of the following options, which transfer arrangements would ensure that Max's assets will be transferred to Ruby at Max's death? 1. QPRT 2. Irrevocable Trust 3. Revocable Living Trust 4. Testamentary Trust (A) 2 only (B) I and 3 (C) 2 and 4 (D) 1, 2, and 3