Protecting Your Assets with QTIPS

Drafting a prenuptial agreement is one of the many ways a married couple can protect their assets. While filing a prenuptial agreement is great way to ensure you're protected, there is a way to further protect your assets if you're interested.

Qualified Terminable Interest Property Trusts (QTIPS) are commonly used in connection with prenuptial agreements when a couple wishes to ensure their assets, property, and wishes have additional protection. QTIPS are a type of trust that specifies the beneficiaries of an estate after one spouse passes away. These trusts are created to ensure surviving spouses receive income, but do not give them control over how the deceased's assets are distributed.

If you are interested in protecting your assets, a Jacksonville martial contracts lawyer at Ellerin Hutchinson can help. Whether you are interested in drafting a prenuptial agreement, postnuptial agreement, or QTIP, we can help you identify which assets you which to protect and who you would like controlling your assets after your death. From there, we can begin drafting the appropriate paperwork customized to your specifications.

Contact an attorney at Ellerin Hutchinson today to learn more about our services!