Lloyd is restructuring his estate plan. He has the following objectives:

• To provide his wife with an annual income stream that will be hers automatically without making a request of the trustee
• To provide his wife with additional income based upon her needs and the trustee's discretion
• To prevent his wife from invading the principal
• To be assured that his children from his current marriage and his prior marriage share in his wealth equally after his wife's death
• To enable his executor to make full use of his estate tax applicable credit amount

Based on Lloyd's objectives, which one of the following is the most appropriate trust or combination of trusts?

A)

Family bypass (B) trust

B)

Combination B trust and qualified terminable interest property (QTIP) trust

C)

Outright bequest to his wife

D)

Power of appointment (A) trust