One strategy frequently used in second marriages is the creation of a Qualified Terminable Interest Property (QTIP) trust. This type of trust permits you to provide income and limited use of property to your surviving spouse while preserving the principal for your children. For instance, your spouse may receive interest income or a life estate in the marital home but will not have authority to dispose of the trust’s principal assets. After your surviving spouse’s death, the remaining trust assets pass to your designated beneficiaries, usually your children.
Home » FAQ » How Divorce Impacts Your North Carolina Estate Plan » How can I ensure that my children receive their inheritance if I remarry?
