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PART 7—KEY TERMS
| Define the following: | |
| probate expenses (2.2) | |
| incident of ownership (2.7–2.8) | |
| testamentary trust (2.7) | |
| attributed incidents (2.9) | |
| 3-year rule (2.10) | |
| marital deduction (2.12) | |
| QTIP election (2.12–2.13) | |
| interpolated terminal reserve (2.14) | |
| direct skip (2.15) | |
| taxable distribution (2.15–2.16) | |
| taxable termination (2.16) | |
| grandparent-grandchild trust (2.21–2.22) |
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