You probably don’t need the AB trust, at least not for the next 2 years with a total estate tax limit at $10 million for a couple, even without an AB trust.
For centuries the “last will and testament” was the standard for estate planning. Since the living revocable trust was introduced, the trust has become pretty much a standard in estate planning. Estates and trusts go together now like estates and wills used to go together. However, it
Writing a legal will is probably the easiest thing a lawyer can do. There are only a few legal requirements and the documents don’t need to be very long. If you are thinking of doing it yourself, you can. However certain legal requirements need to be met,
I’ve had a question from a student about the “economic substance doctrine.” This has been a club that the IRS used against people for years. However, the ObamaCare legislation beefed it up and actually made it a law. The IRS has always argued, and the courts have
