Choosing the right marital trust structure depends on a delicate balance of tax minimization, asset protection, and family dynamics. This wizard helps you navigate the complexities of AB Trusts, QTIPs, and Portability.
Key Decision Factors
The wizard evaluates three primary concerns to generate a recommendation.
Estate Size
Is your combined net worth approaching the federal or state estate tax exemption limits?
Family Dynamics
Are you in a blended family with children from previous relationships?
Control Preferences
Do you trust your spouse to manage the ultimate distribution of assets, or do you want to lock it in?
Understanding the Outputs
If the wizard recommends a QTIP, it prioritizes control over the final beneficiaries. If it recommends Portability, it prioritizes simplicity and assumes a high degree of trust in a first-marriage scenario.
Tip
State Taxes Matter
Even if you are below the federal exemption, an AB Trust might still be necessary if you live in a state with a low state-level estate tax exemption.