§ 31:16. One-grantor irrevocable trust—With withdrawal rights—Previously issued life insurance policy to be transferred to trustee—Trust for benefit of grantor's descendants (and optionally grantor's spouse) during life of grantor—Upon death of grantor, (1) if spouse survives, contingent marital trust operates as to any portion of trust estate included in gross estate of grantor and (2) remainder of trust estate to spouse's trust if grantor's spouse survives, otherwise distributed to, or held in trust for the benefit of, grantor's descendants (optional family trust and optional children's trusts) | Secondary Sources | Westlaw

§ 31:16. One-grantor irrevocable trust—With withdrawal rights—Previously issued life insurance policy to be transferred to trustee—Trust for benefit of grantor's descendants (and optionally grantor's spouse) during life of grantor—Upon death of grantor, (1) if spouse survives, contingent marital trust operates as to any portion of trust estate included in gross estate of grantor and (2) remainder of trust estate to spouse's trust if grantor's spouse survives, otherwise distributed to, or held in trust for the benefit of, grantor's descendants (optional family trust and optional children's trusts) | Secondary Sources | Westlaw

View on Westlaw or start a FREE TRIAL today, § 31:16. One-grantor irrevocable trust—With withdrawal rights—Previously issued life insurance policy to be transferred to trustee—Trust for benefit of grantor's descendants (and optionally grantor's spouse) during life of grantor—Upon death of grantor, (1) if spouse survives, contingent marital trust operates as to any portion of trust estate included in gross estate of grantor and (2) remainder of trust estate to spouse's trust if grantor's spouse survives, otherwise distributed to, or held in trust for the benefit of, grantor's descendants (optional family trust and optional children's trusts), Legal Forms
11D West's Tex. Forms, Estate Planning § 31:16 (4th ed.)
West's Texas Forms
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May 2024 Update
Estate Planning
Donald J. Malouf, Henry J. Lischer, Jr., Alex E. Nakos
Part IX. Irrevocable Inter Vivos Transfer Documents
Chapter 31. Irrevocable Inter Vivos Trusts
II. Forms
A. Trust Agreements
§ 31:16. One-grantor irrevocable trust—With withdrawal rights—Previously issued life insurance policy to be transferred to trustee—Trust for benefit of grantor's descendants (and optionally grantor's spouse) during life of grantor—Upon death of grantor, (1) if spouse survives, contingent marital trust operates as to any portion of trust estate included in gross estate of grantor and (2) remainder of trust estate to spouse's trust if grantor's spouse survives, otherwise distributed to, or held in trust for the benefit of, grantor's descendants (optional family trust and optional children's trusts)
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