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  • Sebastian Grassi Clayton Qtip Form 2013

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Appendix 11 Revised thru 04092008 SAMPLE MARITAL DEDUCTION TRUST Note This form is a sample revocable living trust that provides two alternative types of bequest to the surviving spouse 1 a Clayton contingent QTIP bequest to the surviving spouse or 2 an outright bequest to the surviving spouse with special disclaimer provisions. The surviving spouse cannot serve as trustee of the children s trust. This form of marital bequest is suitable for a su.

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A Clayton Election trust is a type of revocable married couple trust that creates some tax flexibility for medium to larger sized estates. It includes the option to create an irrevocable QTIP trust and/or Bypass trust when the first spouse dies.

In QTIP trust, estate tax is not assessed at the point of the first spouse's death but is determined after the second spouse has passed. A QTIP trust is established by making a QTIP trust election on the executor's tax return.

QTIP stands for qualified terminal interest property.

Qualified Terminable Interest Trust (QTIP Trusts) are an estate planning tool used to maximize a couple's applicable exclusion amounts while qualifying for the marital deduction. Full property interest transfers to spouses do not trigger most gift or estate taxes under the marital deduction.

QTIP Trusts function almost the same as Marital Trusts. They're both irrevocable trusts that can only name the surviving spouse as beneficiary during that spouse's lifetime. However, the major distinction between the two is that with a QTIP Trust, the grantor of the trust maintains control of it, even after death.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232