The most common estate plans have been: 1) I love you “A” trust, 2) A/B trusts, and 3) A/B/C trusts. If both spouses are still alive, the “B” trust is probably not needed for estate tax purposes and will cause a lack of step up in basis one the 2nd passing. It there is only one surviving spouse now, the results may be the same. Learn how to solve the problem in both situations.
April 23, 2020 – Your Client’s B Trust May be a Disaster; Presented by Steve Mancini, Esq., and Danniel Wexler, Esq.