As is true throughout the country, families here in the Troy area come in all shapes and sizes.\u00a0 Trust lawyers<\/a> need to be adept at understanding the complexities of all types of family situations so they can represent their client\u2019s best interests and wishes.\u00a0 One way to do this for blended families is to create a QTIP Trust.<\/p>\n The \u201cqualified terminable interest property trust\u201d is very often used for those who are remarried with children from a previous relationship.\u00a0 The overall goal of this kind of trust is to provide for the current spouse while considering the needs of the children from an earlier relationship.\u00a0 As an added bonus, a QTIP Trust can also help to limit some tax burden.<\/p>\n How It Works \u2013 The Simple Version<\/strong><\/p>\n In most cases, a person\u2019s estate passes directly to his or her surviving spouse.\u00a0 In \u201ctraditional\u201d families, this can be a great situation.\u00a0 However, in blended families, (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As is true throughout the country, families here in the Troy area come in all shapes and sizes.\u00a0 Trust lawyers need to be adept at understanding the complexities of all types of family situations so they can represent their client\u2019s…<\/span><\/p>\n