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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 3170
Experience:  Wills, Trusts, Probate & other Estate Matters
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QTIP does augment 2nd spouse's personal assets for NJ 2001

Customer Question

QTIP does augment 2nd spouse's personal assets for NJ 2001 Fed 706. Does Executor Comm apply to QTIP. 18-14 says Corpus, but I just found & lost NJ case in effect Comm does apply to QTIP. FYI Spouse has a Co-Xr, whose atty Deidre Wheatley-Liss said that Co-Xr not get Xr Comm on QTIP, but I do.I was X'r of creator of QTIP & am QTIP Trustee. Thx
JA: Have you talked to a lawyer yet?
Customer: I am lawyer w/ 18-14 says corpus. 18b-"property includes property that does not come into hands, but Fed or NJ does tax (does here) or may tax.
JA: Anything else you think the lawyer should know?
Customer: Is Barrister available soon?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Infolawyer replied 1 year ago.

do the assets remain the in the qtip or distributed?

Expert:  Infolawyer replied 1 year ago.

awaiting your reply