For #32-38:Assume that Veronica establishes a revocable living trust for herself during her lifetime and at her death the trust distributes assets to marital trust (A Trust) and family trust (B Trust). Veronica dies in 2021. At her death, the A trust contains a beach house and bank accounts totaling $900,000.00. Husband has the ability to remove all assets from the A trust and also has an unlimited power of appointment. The B Trust will contain $3 million dollars in appreciating stock. The family trust allows the trust to spend for her husband and children for their health, education, maintenance, and support and does not provide her husband with a power of appointment.

32. True or False: The assets in the A trust will not qualify for the unlimited marital deduction.

33. True or False: The assets in the A Trust will be included in husbands gross estate at his death.

34. True or False: The assets in the B Trust will not be included in the husbands gross estate at his death.

35. True or False: The assets in the B Trust will subject to estate tax upon husbands death.

36.True or False: Husband cant be the trustee of the B trust.

37. True or False: The assets in the B trust will get a step up in basis at husbands death.

38. True or False:The assets in the A trust will get a step up in basis at husbands death.