FAQ Friday: AB Trust Funding

On Friday, May 6th, at 11am EST, Mr. Berger describes what is needed to fund a Trust after the first death.

AB Trust Administration: classic AB trusts are kind of old and used to be common. Now we do joint trusts. Half of the joint assets and any separate property would be in the A trust and the other half to the B trust.

Oftentimes, the surviving spouse does nothing on the first death or very little which causes an issue when the second death occurs.

Sometimes we can do a non judicial settlement in this situation, but only when everyone agrees.

These types of trusts are often out of date and we don’t want to have to reconstruct old trusts when we can re-design these now to your wishes.

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