Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts with GST Tax Planning (GA) | Practical Law

Revocable Trust for Married Individual: Credit Shelter and QTIP Trusts with GST Tax Planning (GA) | Practical Law

A revocable trust agreement for a married individual in Georgia that creates a credit shelter trust (sometimes referred to as a bypass trust or family trust) and marital qualified terminable interest property (QTIP) trusts that include planning for the generation-skipping transfer (GST) tax. The trusts created in this Standard Document minimize estate tax and GST tax by making use of the settlor's estate tax exclusion amount and GST exemption 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 with GST Tax Planning (GA)

by Practical Law Trusts & Estates
Law stated as of 16 Aug 2023Georgia
A revocable trust agreement for a married individual in Georgia that creates a credit shelter trust (sometimes referred to as a bypass trust or family trust) and marital qualified terminable interest property (QTIP) trusts that include planning for the generation-skipping transfer (GST) tax. The trusts created in this Standard Document minimize estate tax and GST tax by making use of the settlor's estate tax exclusion amount and GST exemption amount, and the marital deduction if needed. This Standard Document has integrated notes with important explanations and drafting tips.