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17 August

Provide for your spouse, then your kids, with a QTIP trust

Estate Planning, Estate Tax Savings, Family, Marianne Ludlow, Wills and Trusts, August 17, 2018

If you want to preserve as much wealth as possible for your children, but you leave property to your spouse outright, there’s no guarantee your objective will be met. This may be a concern if your spouse has poor money management skills or if you two don’t see eye to eye on how assets should be distributed to your children.  It could also be a concern if you have children from a previous relationship;  you may want to provide for a current spouse while he or she is alive, but have your assets go to your children upon your spouse’s.

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8 August

How to maintain family harmony with Trusts

Asset Protection, Blended Families, Estate Planning, Marianne Ludlow, Wills and Trusts, August 8, 2018

A traditional trust can sometimes create a conflict between the lifetime (i.e. beneficiaries that have an interest in trust assets just for their lifetime) and remainder beneficiaries (i.e. beneficiaries that have an interest in the trust after the lifetime beneficiary). For example, a person may establish a trust that gives their surviving spouse a lifetime income interest in the trust assets but, upon the spouse’s death, pays the remainder of the trust’s assets to their children.  In that situation, investment strategies that provide growth that benefits the children (the remainder beneficiaries) can leave the spouse (the lifetime beneficiary) with little.

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Recent Posts

  • 4 Ways to Legally Protect Yourself & Family During COVID-19
  • COVID-19: Wills, Trusts, Healthcare Directives and other Legal Protections in the Midst of the Outbreak in Utah
  • The SECURE Act and Its Effect on Your Retirement Savings

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Securing Your Future, Family and Business

Marianne Ludlow and Shawna Doughman  serve clients in the greater Utah and Salt Lake County areas, including Lehi, Highland, Alpine, American Fork, Orem, Draper, Sandy, Riverton, South Jordon,  and Salt Lake City.

If you need estate planning or business planning help, we are ready to serve.

Recent Posts

  • 4 Ways to Legally Protect Yourself & Family During COVID-19
  • COVID-19: Wills, Trusts, Healthcare Directives and other Legal Protections in the Midst of the Outbreak in Utah
  • The SECURE Act and Its Effect on Your Retirement Savings

Locations

Lehi Office:

2901 Ashton Boulevard, Suite 210
Lehi, Utah 84043

Salt Lake City Office:

201 S Main St #1800,
Salt Lake City, UT 84111

Contact Us

CALL:  (801) 407-6538

EMAIL:  [email protected]

 

 

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  • Home
  • Our Services
    • Asset Protection and Tax Planning
    • Estate Planning (Wills, Trusts & Tax Planning)
    • Estate Plan Reviews
    • Planning for Minor Children
    • Business Planning
    • Estate and Trust Administration
  • About Us
    • Why We Are Different
    • Meet Our Team
    • Our Location
    • Our Story
  • FAQs
  • Blog
  • Testimonials
  • Contact Us