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Multi-State
Control #:
US-0652BG
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Word; 
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The Qualified Domestic Trust Agreement is a legal document designed to establish a qualified domestic trust for a grantor, typically with the intent of providing benefits to a non-citizen spouse during their lifetime and ensuring support for the grantor's children who are U.S. citizens. Key features of the form include provisions for transferring property to the trustee, detailed instructions on trustee powers, and guidelines for managing the trust estate. It allows the grantor to maintain control over certain aspects during their lifetime, granting them rights to modify the trust or withdraw assets as necessary. Filling out this agreement involves clearly providing the names and addresses of the grantor and trustee, outlining the terms of the trust, and identifying the trust estate contents. The form is particularly useful for attorneys, partners, and paralegals working with clients who have expatriate spouses, as it ensures compliance with tax regulations under Section 2056A of the Internal Revenue Code. Owners and associates may leverage this form to protect their interests in estate planning, while legal assistants can use it as a template for drafting similar trusts tailored to client needs.
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