Sponsored By
Trusts & Estates logo

Love Letters From Beyond The GraveLove Letters From Beyond The Grave

Granting expansive powers in marital trusts.

Molly Soiffer

October 19, 2022

12 Min Read
Soiffer GettyImages-520692958.jpg

Recently, a client came into our office with a request for an estate plan that initially appeared to be typical, but it contained an interesting twist. He wanted to: (1) have an estate plan prepared to minimize estate taxes at his death (nothing new there); (2) restrict his spouse, who was a spendthrift, from frittering away his assets after his death as he wanted assets left for his son (nor there); and (3) (the twist) give his spouse autonomy over some of the trust assets so that his spouse could use a certain amount of the trust as she wished during her lifetime. That is, he wanted his spouse to have the right to withdraw an annual $200,000 allowance, in addition to the income the trust produced, regardless of the value of the trust. ...

Unlock All Access Premium Subscription

Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!

Already Subscribed?

About the Author

Molly Soiffer

Bove & Langa

Molly helps famililes plan for the next generation. She structures her representation around her clients’ needs and goals, whether the concern is future family disharmony or protecting future generations. Every family has unique concerns that Molly addresses and incorporates into the planning process. She often collaborates with a family’s other advisors to build comprehensive estate plans. Not only is she deeply committed to a family’s needs during the estate planning process, Molly also advises and assists families during the administration of an estate after the death of a loved one, often breaking down complicated legal and tax concepts for her clients.

Prior to joining Bove & Langa, Molly worked at several well-reputed Massachusetts firms as a family law litigator and worked with the Massachusetts Probate Court.