Estate planning all true or false

26. In a dynasty trust, once life insurance proceeds are paid to a trust, beneficiaries receive discretionary income distributions with a limited power of appointment over trust corpus. 27. A credit shelter trust can be the beneficiary of a life insurance policy when an insured spouse dies. 28. A surviving spouse may create an inherited IRA and begin distributions based on his/her life expectancy. 29. Retirement plan benefits will be subject to income tax in the decedent's estate. 30. An estate is a designated beneficiary. 31. A qualified annuity interest provides the grantor with a fixed percentage of the initial trust value and allows the grantor to make subsequent contributions into the trust. 32. Preferred stock recapitalization is a technique whereby a business owner creates two classes of stock - voting preferred and non-voting common - and gifts the non-voting common stock to his children. 33. A GRIT is a strategy that may only be used when the remainder beneficiaries are close family members