Living trust - Estate Planning - Revocable living trust - Void Probate - living trust documents - Legal forms
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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A-B Trust
An "A-B trust" is a type of trust established by a married couple that includes provisions requiring the allocation of assets on the death of one spouse to two separate trusts to be established only at that time. One trust, sometimes referred to as the "A Trust" or "Survivor's Trust", remains revocable and the assets are under the complete control of the surviving spouse.
The other trust, sometimes referred to as the "B Trust", "Decedent's Trust", or "Exemption Trust", gives the survivor no rights or Limited powers to use the assets allocated thereto. There are both estate tax and non-tax reasons for using an A-B trust.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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Unsecured Promissory Note with Installment Payments |
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Total: $9.99
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