QUESTION
My by-pass trust was created in 1990 with the intent or material purpose to minimize estate taxes. Now I'd like to terminate "B" Trust due to new la
Asked on Jan 11th, 2018 on Trusts and Estates - California
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How can I can terminate a "B" Trust? The "intent" initially was to minimize estate taxes. Thanks
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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You would go to an estate planning attorney and create a restatement of trust, which completely overrides the previous trust. It is common to update trusts since estate tax avoidance is not a major factor in estate planning any longer.
Answered on Jan 14th, 2018 at 9:16 PM