Estate planning

D. Grace can take distributions over Hank's remaining life expectancy. 18. Which of the following strategies will achieve the greatest income tax savings at a decedent's death? A. The decedent names his children as the beneficiary of his retirement plans. B. The decedent names his spouse as the beneficiary of his retirement plans. C. The decedent names his estate as the beneficiary of his retirement plans. D. The decedent names his church as the beneficiary of his retirement plans. True or False: 19. A qualified annuity interest provides the grantof with a fixed percentage of the initial trust value and allows the grantor to make subsequent contributions into the trust. 20. 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. 21. A GRIT is a strategy that may only be used when the remainder beneficiaries are close family members