Both are trust structures designed to provide for a surviving spouse while preserving assets for children from a prior relationship. A QTIP trust typically gives the surviving spouse income from the trust assets for life, with the principal passing to designated beneficiaries upon the surviving spouse’s death. A marital trust provides similar spousal benefits but may offer the surviving spouse more flexibility in accessing principal. The right structure depends on your goals and should be determined in consultation with an experienced estate planning attorney.
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