Example - How a Family Trust Can Benefit Other Family Members

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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