Which of the following statements regarding a Reverse Q-Tip Marital Trust is notTrue?

I. The deceased spouse's executor can apply the surviving spouse's GST Exemption against the trust.

II. Only the surviving spouse may benefit from the Reverse Q-Tip Marital Trust's assets during the surviving spouse's lifetime.

III. The decedent spouse's Will can designate the ultimate remaindermen of the trust's assets.

IV. Assets in the Reverse Q-Tip Trust at the surviving spouse's death will escape inclusion in the surviving spouse's estate.