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4. S1 has left his estate to $2 but with the condition stated. For each case determine: (i) whether the bequest is a terminal

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4. S1 has left his estate to $2 but with the condition stated. For each case determine: (i) whether the bequest is a terminal interest ("T") or not ("NT"), (ii) whether it qualifies for the marital deduction (yes/no); and (iii) if yes, whether it is because of an exception to the terminal interest rule. Explain. Condition Placed on the Bequest (a) "in trust, with S2 to receive income each year equal to 6% of the value of the trust, upon her death the trust is to be distributed. to State University." (b) "in trust, with all income to $2 for her lifetime, then to $1's children. The trustee has the absolute final say in the selection of investments." (c) same as "b" but elsewhere in the trust it is written, "This trust is intended to qualify for the marital deduction." /nt yes/no Explanation www.

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