Client’s wife does not have enough assets to fully utilize her exemption amount. He plans to grant his wife a testamentary General Power of Appointment (GPOA) over his assets in his revocable trust to fund a credit shelter trust if she predeceases him.
If you draft a comprehensive or contemporary revocable trust, this option will appear on the Tax Planning interview screen, in the Other Tax Issues section, as shown below.
Limited Access
This content is for InterActive Legal subscribers only.
If you are an InterActive Legal subscriber, please login to view this content.
If you are a non-drafting user, your access is limited to recommended software training classes.
Recommended Software Training for Non-Drafting Users
If your subscription has expired and you would like to renew, please email renewals@interactivelegal.com
If you need additional assistance, please email
customerservice@interactivelegal.com
Comments are closed.