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Decision Tree of a Combination of Revocable Living Trust, Marital Trust, QTIP Trust and ILIT Example
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Text in this example:
Gross Estate Wife's Revocable Estate Husband's Revocable Estate Irrevocable Life Insurance Trust Mutual Trust Family Trust Optional Trust (QTIP or Reverse QTIP) Estate IRS Heirs Annual Gift Balance of assets Exemption equivalent Income Principal Tax-Free Tax-Free Principal Tax Income Before the first death At the first death At the death of the survivor