Related Definitions
What is An A-B Trust?
A type of trust created by married couples to minimize estate taxes by splitting the estate into two upon the death of the first spouse.
A type of trust commonly used by married couples to minimize estate taxes and ensure the efficient transfer of wealth to heirs. Upon the death of the first spouse, the trust is split into two parts: the “A” trust (also called the survivor’s trust) remains revocable and under the control of the surviving spouse, while the “B” trust (bypass or credit shelter trust) becomes irrevocable and holds the deceased spouse’s assets, helping to preserve estate tax exemptions.
Overseeing the Administration of a Trust?
RMO can guide you through the complexities of trust administration processes.Serving clients across California and Texas
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