Living Trust. Download online state specific estate planning (revocable living trust) documents. Void Probate
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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Qualified terminable interest Property trust
If you're part of a family where there have been divorces, reMarriages and stepchildren, you may want to direct your assets to particular relatives through a qualified terminable interest Property (QTIP) trust. Your surviving spouse will receive income from the trust, and the beneficiaries you specify (e.g., your children from a first Marriage) will get the principal or remainder after your spouse dies. People typically use QTIP trusts to ensure that a fair portion of their wealth ultimately passes to their own children and not someone else's.
Money in a QTIP trust, unlike that in a bypass trust, is treated as part of the surviving spouse's estate and may be subject to estate tax. That's why you should create a bypass trust first, which shelters assets up to the estate-tax exemption, and then if you have assets left over you can put it in a QTIP.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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Problems Solved by Estate Planning
A living trust can solve many of the problems encountered in estate planning. Some ...
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Try to Avoid Probate with Living Trust
First of all, what is probate? We've heard various things about probate and we pretty ...
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The AB Living Trust Saves Taxes
Some people must consider federal estate tax when planning their finances. Estate tax ...
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Property transfers in September
Boothbay Register
... J. Wolff 2010 Revocable Trust and Wolff, Robert J. 2010 Revocable Trust; Rubicam, Stephen M. to Chase, George J.; Griffin, Sandra R. P R and Griffin, Russell J. Est to Griffin, Sandra R. Tr and Credit Shelter and Qualified Terminable Interest...
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Property Transfers
The Lincoln County News
Edgecomb: Claudia P. Coffin to Carl Phillip Botts; Sandra R. Griffin Pr. and Russell J. Griffin Est. to Sandra R. Griffin Tr. and Credit Shelter And Qualified Terminable Interest Property Trust; Sandra R. Griffin Tr. and Credit Shelter And Qualified ...
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