What is the name of your state (only U.S. law)? SD
Years ago when estate taxes was on estates more than $600,000 the wife and I set up the typical A-B bypass trust. Wife died 10 years ago. Current value of bypass trust $1.5M. Now that estates need to be more than $5M before estate taxes I do not need the trust. ????
The step-up valuation of individual owned assets may offset the probate problems for an estate between $2M and $3M.
My question, Is there a long in detail discussion (paper - report) on the pros/cons of "de-funding" the trust and converting the trust assets to individual ownership??? Or simply revoking the trust
Years ago when estate taxes was on estates more than $600,000 the wife and I set up the typical A-B bypass trust. Wife died 10 years ago. Current value of bypass trust $1.5M. Now that estates need to be more than $5M before estate taxes I do not need the trust. ????
The step-up valuation of individual owned assets may offset the probate problems for an estate between $2M and $3M.
My question, Is there a long in detail discussion (paper - report) on the pros/cons of "de-funding" the trust and converting the trust assets to individual ownership??? Or simply revoking the trust