How do I protect my estate for my children and still provide for my spouse?
09/12/2009
Q: What is the best possible way to protect my estate for my children and still provide for my spouse while deferring federal estate tax?
A: The best approach is to create a qualified terminable interest property (QTIP) trust in your living trust document.
After you are deceased, all or part of your assets passes to the QTIP trust, and the trust continues for your spouse’s lifetime. Upon your spouse’s death, the remaining trust assets pass to your children according to the terms of your trust.
–Kurt V Beasley, Attorney
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