William and Jayne are married. It is a second marriage for both spouses, and William has a son from his previous marriage, John. William owns assets valued at $10 million, which are all titled in his separate name. In planning his estate, William wants to ensure that if he dies first, Jayne will be taken care of for the rest of her life and that his entire estate qualifies for the marital deduction, but he also wants to ensure that his assets will pass to John after Jayne dies. Which of the following recommendations will meet William's objectives? Retitle his assets as tenancy by the entirety with Jayne. Leave his assets to a QTIP trust. Retitle his assets as joint tenancy with rights of survivorship (JTWROS) with Jayne. Make a gift of $10 million to John.

William and Jayne are married. It is a second marriage for both spouses, and William has a son from his previous marriage, John. William owns assets valued at $10 million, which are all titled in his separate name. In planning his estate. William wants to ensure that if he dies first, Jayne will be taken care of for the rest of her life and that his entire estate qualifies for the marital deduction, but he also wants to ensure that his assets will pass to John after Jayne dies. Which of the following recommendations will meet William's objectives? Retitle his assets as tenancy by the entirety with Jayne. Leave his assets to a QTIP trust. Retitle his assets as joint tenancy with rights of survivorship (JTWROS) with Jayne. Make a gift of $10 million to John