Qualified Domestic Trusts
Spouses who are both certified United States citizens are allowed to transfer property between one another without any gift or estate taxes. Problems arise when property is transferred between spouses when one is not a United States citizen. Qualified Domestic Trusts, or QDOT’s, were created so property could be transferred to non-citizen spouses with an unlimited marital deduction, or without tax. A Fremont estate planning attorney can help you form a QDOT so your non-citizen spouse can receive the transfer of valuable estate assets.
Fremont Qualified Domestic Trusts
Qualified domestic trusts are of the utmost importance to non-citizens as it enables them to receive assets from a loved one without claiming taxes. If a QDOT is not established individuals can be subjected to high taxes and may lose any property or assets and be left with serious financial problems. The legal team at The Singh Law Firm can help you establish a QDOT that fits all of the necessary legal criteria. We will make sure that your objectives are clear so all of the necessary estate items and assets can be transferred over per your wishes the event of death. It is our goal to make this process as easy and smooth as possible.
There are many options available to those who qualify for a QDOT. Many times a spouse dies before a legally binding qualified QDOT can be established. QDOT’s have specific requirements and can be difficult to understand if you don’t have legal counsel to guide you through the process. We have the experience, personal representation of over one thousand clients, to handle your qualified domestic trust issues. Our legal team will provide you with sound legal counsel and personal dedications to you and your estate plan throughout every step of the process.
If you or your spouse is not a legal United States citizen and you wish to transfer estate rights then you must contact a Fremont estate planning attorney. They will help you form a QDOT so the unlimited marital deduction can stay in-tact during the transfer.