Nancy (34) and Carol (42) are a married, same-sex couple. Nancy has an estate consisting of assets in her own name valued at $250,000 and Carol has an estate of $7.25 million consisting of assets held in her name alone. Carol is concerned that Nancy be provided for in the event of her death, and she wishes to provide the maximum economic benefits to Nancy through an estate planning arrangement.Which of the following techniques will accomplish Carol's objectives?
a. Carol should establish a Grantor Retained Unitrust now with the remainder passing to her niece, Jessica, in 6 yearsb.
b. Carol should establish a Credit Shelter By-pass Trust with no principal invasion provisions under her Willc.
c. Carol should establish an Irrevocable Lifetime Q-Tip Marital Trust for Nancy's benefit with liberal principal invasion provisions.
d. Nancy should enter into a private annuity arrangement with Carol this year to acquire the majority of Carol's assets.