When is a QTIP Trust appropriate?

A QTIP trust – or qualified terminal interest property trust – can be helpful in the right situation.  Two common scenarios where a QTIP trust might be useful are:

  • for a married individual with children from a prior marriage (who wants his or her children to ultimately receive anything left at the spouse’s death), or
  • for a married individual who is concerned about leaving their assets to a spouse and the ramifications of the surviving spouse remarrying.

The trust needs to work in concert with investment account titling and beneficiary designations.  If you would like to discuss whether a QTIP trust is a good solution for you, and how it might fit into your overall estate plan, contact me at 770-939-3936.

Happy New Year!

Karen S. Hindson, Hindson & Melton LLC