Estate Planning Essentials: Understanding the Clayton Election 00:10:00
Join us for an in-depth look at the Clayton Election, a crucial estate planning tool explained by WealthCounsel. This video delves into how the Clayton Election is utilized after the death of the first spouse, allowing an independent personal representative to allocate assets between a bypass trust and a Qualified Terminable Interest Property (QTIP) trust. Learn the benefits of deferring asset allocation decisions, the timelines involved, and the strategic considerations to optimize your estate planning.
