The Marital Generation Skipping Tax (GST) RLT is a Co-Grantor Revocable Living Trust designed for a married couple wanting essentially the same basic features as the Married Person GST for a Sole-Grantor, Product #03, but with the Marital Universal Trust format.

A notable part of this format is that it can utilize the QTIP benefit with a “reverse QTIP election” option.

A reverse QTIP election can help to utilize the GST exclusion (of $1,000,000 – adjusted for inflation) equally for both spouses, thereby eliminating an unnecessary tax liability.

A portion of the QTIP election can be reversed to effectively “equalize” the ultimate taxable estates of both spouses thus optimizing generation-skipping planning.