Everett, age 69, has a gross estate valued at $6.1 million. Everett married Elsie, age 38, 10 years ago. They have four children, ages 4 through 9. Elsie has been a devoted wife and an excellent mother, but she has no ability to manage money. Everett wants to ensure that Elsie receives adequate income, but he does not want her to be entitled to principal at any time. He would like all the property to pass to his children in equal shares after Elsie's death. Which of the following transfers is most appropriate for Everett?

Group of answer choices

A revocable living trust with the remainder in a QTIP trust.

The entire estate in a charitable trust

The entire estate in a grantor trust.

A family bypass (credit shelter) trust equal to the exemption amount, with the remainder in a QTIP trust.