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What is the non-tax benefit of an A-B Trust?

April 26, 2017benefit non-tax Trust

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What is the non-tax benefit of an A-B Trust?

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Both the A and the B Trust are available for use for the needs of the surviving spouse. However, the surviving spouse may amend and revoke the A Trust (the Trust of the living spouse), even change the beneficiaries. The B Trust (holding the assets of the deceased spouse) may not be amended or revoked, and the surviving spouse may not change the beneficiaries. It is the certainty of the B Trust and the flexibility of the A Trust that is so beneficial.