Hindson & Melton LLC » Estate planning http://hindsonmelton.net Thu, 06 Jan 2022 21:08:05 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.40 QTIP Trust http://hindsonmelton.net/qtip-trust/ http://hindsonmelton.net/qtip-trust/#comments Mon, 26 Dec 2016 16:03:21 +0000 http://hindsonmelton.net/?p=3461 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

 

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