What is the name of your state (only U.S. law)? California
We've been together for 35 years, but never gotten married. What we would like to do is set up a trust that would provide the survivor with income from the deceased's estate, but then the separate estates are passed to the separate families at the second death. That sounds like a QTIP trust to me, but I'm unclear what is or isn't available to unmarried couples. Additionally, the house is in her name and she would like it to be set up so that I can remain in the house for as long as I live. Our estates are not large enough to be concerned with the marital deduction.
Can someone point me in the right direction to research this?
We've been together for 35 years, but never gotten married. What we would like to do is set up a trust that would provide the survivor with income from the deceased's estate, but then the separate estates are passed to the separate families at the second death. That sounds like a QTIP trust to me, but I'm unclear what is or isn't available to unmarried couples. Additionally, the house is in her name and she would like it to be set up so that I can remain in the house for as long as I live. Our estates are not large enough to be concerned with the marital deduction.
Can someone point me in the right direction to research this?
