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Disclmr Trust Qtip Minors 00204283 DOC Business Law Form

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today I want to talk about a powerful tool in estate planning for Blended families the qualified terminable interest Property Trust or qtip trust if you're part of a blended family and want to protect both your spouse and your children from a previous marriage a Q-tip trust could be a critical piece of your estate plan let's start with the basics a Q-tip trust allows you to perect provide for your current spouse after you pass away while still ensuring that your children whether they're from a previous marriage or a relationship receive an inheritance after your spouse's death this makes it ideal for Blended families where you want to balance caring for your spouse and protecting the assets intended for your biological children so how does it work when you pass away the assets you place in the Q-tip trust are available for your surviving spouse's benefit the key here is that your spouse has access to the income generated by the trust for or other

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