Question $1$

$5$ pts

Cindy and Erik are in a second marriage. They both have children and substantial assets from prior to marriage and want to make sure that their spouse is provided for but also that their children are the ultimate beneficiaries of their estate. Their estate attorney spoke with them about an A$/$B trust structure with a QTIP on the A trust. The spouses would be income beneficiaries on both trusts and their biological children would be the contingent beneficiaries on their respective trusts. If they have the following assets, and a Revocable trust and will set up to fund the $\backslash ($ A $/$ B $\backslash )$ structure on death, how much would go into the B trust in $2024$ if Cindy dies?

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline Asset & Amount & Title $\backslash \backslash$

$\backslash$hline Checking & $\backslash (\backslash$$ $55,223\backslash )$ & JTWROS Cindy and Erik $\backslash \backslash$

$\backslash$hline Savings & $\backslash (\backslash$$ $183,437\backslash )$ & POD Cindy's children $\backslash \backslash$

$\backslash$hline Savings & $\backslash (\backslash$$ $107,482\backslash )$ & Erik's name $\backslash \backslash$

$\backslash$hline $401($k$)$ Cindy & $\backslash (\backslash$$ $2,434,188\backslash )$ & No beneficiary $\backslash \backslash$

$\backslash$hline $401($k$)$ Erik & $\backslash (\backslash$$ $3,883,674\backslash )$ & Cindy beneficiary $\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Investment Cindy Revocable $\backslash \backslash$

Trust

$\backslash$end$\{$tabular$\}$ & $\backslash (\backslash$$ $15,686,352\backslash )$ & Revocable trust $\backslash \backslash$

$\backslash$hline Investment Eric & $\backslash (\backslash$$ $27,860,407\backslash )$ & Eric's name $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$