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Example of How a Family Trust Can Benefit Other Family Members Example
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Children from Previous Marriage(s)
How a Family Trust can Benefit Other Family Members The family trust can be set up to benefit children from a prior marriage. The family trusts may be divided into a number of different trusts with property being divided amongst parents, children, grandchildren, and children from prior marriage(s). Death of Spouse Gross Estate
$6,000,000 Trust A
Survivor's Trust Grandchildren or Others Children Parents Trust B
Unified Credit Exemption
$3,000,000
How a Family Trust can Benefit Other Family Members The family trust can be set up to benefit children from a prior marriage. The family trusts may be divided into a number of different trusts with property being divided amongst parents, children, grandchildren, and children from prior marriage(s). Death of Spouse Gross Estate
$6,000,000 Trust A
Survivor's Trust Grandchildren or Others Children Parents Trust B
Unified Credit Exemption
$3,000,000