Which of the following statements is incorrect? 1. When a decedent's taxable estate is less than the applicable estate tax credit equivalency, the estate is said to be overqualified. 2. When too few assets pass to a decedent's surviving spouse, and as such the decedent's taxable estate is greater than the applicable estate tax credit equivalency, the decedent's estate is said to be underqualified. 3. An ABC Trust arrangement utilizes a General Power of Appointment Trust, a QTIP Trust, and a Bypass Trust to maximize the use of a decedent's applicable estate tax credit. 4. The remainder beneficiary of a QTIP Trust is chosen by the surviving spouse. When a decedent's taxable estate is less than the applicable estate tax credit equivalency, the estate is said to be overqualified. When too few assets pass to a decedent's surviving spouse, and as such the decedent's taxable estate is greater than the applicable estate tax credit equivalency, the decedent's estate is said to be underqualified. An ABC Trust arrangement utilizes a General Power of Appointment Trust, a QTIP Trust, and a Bypass Trust to maximize the use of a decedent's applicable estate tax credit. The remainder beneficiary of a QTIP Trust is chosen by the surviving spouse