Question 1
In a marital trust, when the first spouse dies:
◦ The surviving spouse is the beneficiary of both portions of the trust and the children are the beneficiaries of the remaining interest
◦ One portion of the trust become irrevocable called the bypass trust
◦ The bypass trust is funded with the deceased spouse's exemption amount
◦ All of these
Question 2
A charitable trust can't have which beneficiary?
◦ A religious organization
◦ An educational purpose
◦ A science foundation
◦ A grandchild