How can I protect my children from a previous marriage if I remarry?

If you remarry, you will likely want to provide for both your current spouse and your existing children. A Qualified Terminable Interest Property Trust (QTIP) can help. Assets transferred into the QTIP trust are not actually gifted to your current spouse when you die. Instead, your spouse receives income from the trust assets but cannot withdraw the principal from the trust nor can he or she decide on the ultimate disposition of the trust assets. When your surviving spouse dies all assets held in the trust are then transferred to the QTIP trust beneficiaries, typically your children from a previous marriage.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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