How can I create the following: GST exemption amount to continuing exempt descendants separate trusts; residue to trust for children with right of withdrawal at ages 30, 35, 40?
Yes, you can create a plan where the GST exempt amount passes to perpetual trusts, and the non-exempt portion is in trusts that terminate at specified ages. How to do this will depend on whether the grantor/testator is married.
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.