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The federal estate marital deduction provides for a deduction from a decedent’s gross estate for property passing to a surviving spouse by will or trust, or by a qualified terminable interest property (“QTIP”) marital trust. The marital deduction is unlimited in amount.

A QTIP marital trust properly drafted in compliance with the Internal Revenue Code has become an extremely popular device to avoid payment of federal estate taxes upon the death of the first spouse. A QTIP trust is particularly desirable for spouses in second marriages where each spouse desires to leave as much of his or her estate to his or her children and/or heirs.

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Special Reports for Capital Financial Advisory Clients

Estate Planning made easy….easier!

A major intergenerational transfer of wealth is underway, like nothing before seen in this country—or the world, for that matter. Estimates from the Federal Reserve Board have the richest 5% of U.S. households likely to pass along nearly 60% of the nation’s wealth within the next 50 years.

With that kind of money on the table, having a “do-it-yourself” estate plan—or even worse, none at all—can lead to potential big-dollar mistakes.

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