Marital Trust (also called an A Trust)

This post was originally published on this siteIn many cases, the marital trust will be set up as a QTIP trust. With a QTIP, the surviving spouse must receive all income from the trust for his or her lifetime. However, the first spouse to die can then designate in the...

Trusts for Families

This post was originally published on this siteThe Tax Reform Act of 1986, which revised the grantor trust rules, does not apply to Clifford trusts that were in existence on March 1, 1986, as long as the transfers made to the trust were either on or before that date....