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Living Trust for Husband and Wife with One Child Oregon  Form

Living Trust for Husband and Wife with One Child Oregon Form

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[Music] so what happens to a living trust when one spouse passes away it depends on the particular provisions that are written into your trust some trusts create what's called an a b trust a separate trust is set up for the benefit of the survivor and another trust is set up for the benefit of the deceased spouse to protect the decedent's interest there can also be tax planning objectives built into your estate plan and it's highly recommended you review your plan with your attorney other trusts state that upon the passing of one spouse that the entire trust estate is available to the surviving spouse and nothing happens until the second passing because trusts are written differently based on your estate planning goals and objectives it's very important to review your estate plan with your estate planning attorney at the time when one spouse passes away to determine if there's any steps that need to be taken to carry out the provisions in your tr

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