With the increasing prevalence of spousal trusts in both lifetime and testamentary planning, 2022 provides an important point to re-think how we add flexibility while preserving the most important elements of these trusts. Specifically, spousal lifetime access trusts, of which spousal insurance trusts are a subspecies, matrimonial trusts (all of which are in the form of qualified terminable interest property (QTIP) trusts in 2022 and onward) and credit shelter trusts (QTIPs). structured in)
