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

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

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