Estate and Elder Law

Recent Posts

When Change Comes to an Estate Plan
Posted on 16 Jun 2010 by Randy Spiro

January 1, 2009 marks an unprecedented increase in the amount a person can die with and pay no estate taxes (the exemption) from $2,000,000 to $3,500,000. But if you have an A/B Trust or a QTIP Trust, you need to re-evaluate it in light of this... Read More

Qualified Terminable Interest Property (QTIP) Trust Basics
Posted on 21 Nov 2016 by Susan Calistri Boesger

The Qualified Terminable Interest Property (QTIP) Trust was a creation of ERTA-1981 pursuant to IRC § 2056(b)(7) which qualifies for the marital deduction, even if the surviving spouse is not given a general power of appointment during life or at... Read More

Re-evaluating the QTIP Trust for Second Marriage Couples
Posted on 30 Jul 2010 by Randy Spiro

John and Mary have entered their marriage with relatively equal assets, but each of them has children by a prior marriage. Their attorney recommends a QTIP Trust which says that when one of them dies that spouse's share of the assets become irrevocable... Read More

Tags: QTIP Trust