Unrelated Beneficiaries

There are many clients whose primary beneficiaries are not a spouse, children or other closely related person. In fact, beneficiaries often are completely unrelated to settlors when settlors are without spouses or children or when they are in same sex or heterosexual relationships but not legally married. And some people simply wish to bequeath their assets to friends. Obviously, unrelated couples

There are many clients whose primary beneficiaries are not a spouse, children or other closely related person. In fact, beneficiaries often are completely unrelated to settlors when settlors are without spouses or children or when they are in same sex or heterosexual relationships but not legally married. And some people simply wish to bequeath their assets to friends.

Obviously, unrelated couples cannot qualify for the marital deduction or a reverse qualified terminal interest proper

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish