In her will Nicolette created a qualified spousal trust transferring her assets to her husband Chris. As a qualified spousal trust:

	a.	The 21year deemed disposition rule will be applied to the trust.
	b.	Nicolette's assets must be transferred into the trust within 36months.
	c.	The assets will transfer into the trust at their fair market value (FMV)
	d.	If necessary,the capital of the trust can be split between Chris and Nicolette's sister.