Which of the following are nontax characteristics of a qualified terminable interest property $($QTIP$)$ trust?

The income may go to multiple beneficiaries.

The donor or decedent's executor qualifies the trust assets for the marital deduction by making a timely election

The principal of the trust is paid to the surviving spouse's estate if the election to qualify the assets for the marital deduction was not made upon creation of the trust.

The grantor of the trust determines who receives the remainder interest in the trust assets.

A$)$

II and IV

B$)$

I and III

C$)$

II$,$ III, and IV

D$)$

IV only