CATEGORY: Living Trust Questions

Answers to Frequently Asked Living Trust Questions

Can Standard Legal’s Trust Have Staggered Distributions?

Standard Legal’s Joint Trust documents do not provide for staggered distribution to child beneficiaries directly within the primary language. But there is a straight-forward way to accomplish a distribution of assets to specific child beneficiaries in specific amounts on specific dates using a second document included within the Living Trust package. Continue reading Can Standard Legal’s Trust Have Staggered Distributions?

Can Standard Legal’s Living Trust Software Be Used to Create a QTIP?

A QTIP Trust is a provision in a Trust, not a type of Trust.

The QTIP provision permits the surviving spouse to receive income from the trust’s assets for life, with the trust’s principal being left to the grantor’s children upon the passing of the spouse.

And yes, Standard Legal’s Living Trust software does contain one structure with the QTIP provision. Continue reading Can Standard Legal’s Living Trust Software Be Used to Create a QTIP?