Unless otherwise specifically provided in this trust or by the context in which used, I use the word shall in this trust to impose a duty, command, direct, or require, and the word may to allow or permit, but not require. In the context of my Trustee, when I use the...
Lifetime Qualified Terminable Interest Property Trust A lifetime qualified terminable interest property (QTIP) trust is an irrevocable trust created by one spouse (who usually has more money and property) for the benefit of the beneficiary spouse. The spouse can...
Older couples tend to commingle their finances. Among baby boomers, having only joint accounts is the norm. Millennial and Gen Z couples, however, are more likely to keep their money separate.[1] When couples do have joint accounts and property, it is not uncommon for...
