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Decision Tree of a QTIP Family Medical Trusts Example
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QTIP Family Medical Trust QTIP trusts are ideal when there are children from a prior marriage, children, parents, bothers, or sister involved.
QTIP trust arrangements allow for broader use of the marital deduction. Marital Trust
$700,000
Income and
principal to spouse John Smith's Revocable Trust
$5,300,000 Death of
Spouse QTIP Trust
$2,100,000
Income only
to spouse Family Trust
Dispersed any
way desired John Smith passes deceased spouse's
assets to Family Trust any way he desires.
QTIP trust arrangements allow for broader use of the marital deduction. Marital Trust
$700,000
Income and
principal to spouse John Smith's Revocable Trust
$5,300,000 Death of
Spouse QTIP Trust
$2,100,000
Income only
to spouse Family Trust
Dispersed any
way desired John Smith passes deceased spouse's
assets to Family Trust any way he desires.