AB Trust – Estate Planning Term of the Week
Posted in Estate Planning, Estate Planning Term of the Week, Estate Taxes on Feb 10th, 2010
AB Trust Definition: AB Trusts are used by married couples to maximize the federal estate tax exemptions of both spouses. When the first spouse dies, that spouse’s estate plan (e.g., a Revocable Living Trust or Will) directs the division of their assets into two Trusts. The first Trust (Trust B) contains the amount of assets [...]