Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts (CA) | Practical Law

Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts (CA) | Practical Law

A revocable trust agreement for a married individual in California that creates a credit shelter trust (sometimes referred to as a bypass trust or family trust) and a marital qualified terminable interest property (QTIP) trust. The trusts created in this Standard Document minimize estate tax by making use of the settlor's estate tax exclusion amount and the marital deduction if needed. This Standard Document has integrated notes with important explanations and drafting tips.

Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts (CA)

Practical Law Standard Document w-013-7146 (Approx. 109 pages)

Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts (CA)

by Practical Law Trusts & Estates
MaintainedCalifornia
A revocable trust agreement for a married individual in California that creates a credit shelter trust (sometimes referred to as a bypass trust or family trust) and a marital qualified terminable interest property (QTIP) trust. The trusts created in this Standard Document minimize estate tax by making use of the settlor's estate tax exclusion amount and the marital deduction if needed. This Standard Document has integrated notes with important explanations and drafting tips.