Letter to Client: Drafts of Revocable Trusts with Credit Shelter and QTIP Trusts with GST Tax Planning for Married Individual | Practical Law

Letter to Client: Drafts of Revocable Trusts with Credit Shelter and QTIP Trusts with GST Tax Planning for Married Individual | Practical Law

A letter for a married couple with children enclosing draft estate planning documents including revocable trust agreements with credit shelter (also known as bypass) trusts and qualified terminable interest property (QTIP) trusts that incorporate planning for the generation-skipping transfer (GST) tax, along with pour-over wills, powers of attorney, and advance health care directives. This letter can be customized for use in any US jurisdiction, explains the most important provisions of each document, and can be expanded on as counsel deem necessary. This letter has integrated notes with important explanations and drafting tips.

Letter to Client: Drafts of Revocable Trusts with Credit Shelter and QTIP Trusts with GST Tax Planning for Married Individual

by Practical Law Trusts & Estates
MaintainedUSA (National/Federal)
A letter for a married couple with children enclosing draft estate planning documents including revocable trust agreements with credit shelter (also known as bypass) trusts and qualified terminable interest property (QTIP) trusts that incorporate planning for the generation-skipping transfer (GST) tax, along with pour-over wills, powers of attorney, and advance health care directives. This letter can be customized for use in any US jurisdiction, explains the most important provisions of each document, and can be expanded on as counsel deem necessary. This letter has integrated notes with important explanations and drafting tips.