Stephanie Konarski on September 22nd, 2011
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There is no tax paid in the estate of the first spouse to die because of the unlimited marital deduction. However, such property is includible in the surviving spouse’s subsequent estate for estate tax purposes. On the death of the surviving spouse, any assets remaining in the marital trust is subject only to Massachusetts estate tax and not federal estate tax.

Continue reading about REDUCING ESTATE TAXES THROUGH THE USE OF A Q-TIP TRUST