Will for Married Individual: Credit Shelter and QTIP Trusts (NY) | Practical Law

Will for Married Individual: Credit Shelter and QTIP Trusts (NY) | Practical Law

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

Will for Married Individual: Credit Shelter and QTIP Trusts (NY)

Practical Law Standard Document w-003-2317 (Approx. 110 pages)

Will for Married Individual: Credit Shelter and QTIP Trusts (NY)

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