If a marital deduction gift is made in trust, in addition to the other provisions of this chapter, each of the following provisions also applies to the marital deduction trust:
(a)
The transferor’s spouse is the only beneficiary of income or principal of the marital deduction property as long as the spouse is alive. Nothing in this subdivision precludes exercise by the transferor’s spouse of a power of appointment included in a trust that qualifies as a general power of appointment marital deduction trust.
(b)
Subject to subdivision (d), the transferor’s spouse is entitled to all of the income of the marital deduction property not less frequently than annually, as long as the spouse is alive.
(c)
The transferor’s spouse has the right to require that the trustee of the trust make unproductive marital deduction property productive or to convert it into productive property within a reasonable time.
(d)
Notwithstanding Section 16347, in the case of qualified terminable interest property under Section 2056(b)(7) or Section 2523(f) of the Internal Revenue Code, on termination of the interest of the transferor’s spouse in the trust all of the remaining accrued or undistributed income shall pass to the estate of the transferor’s spouse, unless the instrument provides a different disposition that qualifies for the marital deduction.