A/B TRUSTS ARE OBSOLETE IN OREGON AND WASHINGTON- USUALLY

General Overview.  For the last 20 years, variations of the A/B Trust have been the cornerstone of estate tax planning for married couples.  In a nutshell, the A/B Trust structure prevents all or a portion of the wealth from the first spouse to die from being included in the surviving spouse’s estate — even though she has the use of the money for the rest of her life.
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LIVING TRUSTS VS. WILLS

Everyone should have a living trust. Avoid probate at all costs. Avoid horrible death tax bills. Avoid exorbitant executor fees and legal fees. The list goes on and on. While there is a grain of truth in these arguments, you should take a closer look before expending resources on a living trust. Here’s why.
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