When you originally set up your trust,you made yourself (and your spouse if married) the trustee who controls and manages the assets of the trust.
The income your partner gets from the QDOT is taxed as regular income in the year it is gotten.
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However,all this heart ache can be avoided with proper estate planning! This document can give your agent the power to transact real estate,enter into financial transactions and make other legal decisions as if he or she were you The Law Firm of Steven F.Bliss Esq.Rather,your Trustee will manage the real deal of paying your premiums to the insurance provider.
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