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In her will Nicolette created a qualified spousal trust transferring her assets to her husband Chris. As a qualified spousal trust: a. The 21year deemed
In her will Nicolette created a qualified spousal trust transferring her assets to her husband Chris. As a qualified spousal trust:
a. | The 21year deemed disposition rule will be applied to the trust. | |
b. | Nicolette's assets must be transferred into the trust within 36months. | |
c. | The assets will transfer into the trust at their fair market value (FMV) | |
d. | If necessary,the capital of the trust can be split between Chris and Nicolette's sister. |
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