FSP Article 2013 Jan

Welcome to 2013: Spousal Access Trusts Still Attractive for Business Owners

Spousal Access Trust refers to an irrevocable trust established by a married grantor for the benefit of the grantor’s spouse during the spouse’s lifetime, with the remainder interest passing to the couple’s children after the spouse dies. It is usually structured as a grantor trust for income tax purposes, with the value of the trust removed from the grantor’s estate for estate tax purposes, and from the surviving spouse’s estate at his or her subsequent death.

FSP Article 2013 Jan (Click here to download PDF)