Often I am asked about the differences between Trust in regards to estate planning. Below I have covered the four most common types of trust.
Marital Living Trust
This trust is for married couples with estates of such size that estate tax avoidance is not the primary goal and the need for more than one credit is not necessary. In the Marital Trust, you do not reap some of the benefits of the A/B/C Trust. This type of trust is appropriate for smaller estates because there are...