Reported about 1 month ago
When planning an estate, choosing between bypass trusts and marital trusts is crucial. Bypass trusts help minimize estate taxes by excluding certain assets from the surviving spouse's estate, making them ideal for preserving wealth across generations. In contrast, marital trusts provide the surviving spouse with access to the assets while potentially leading to higher estate taxes upon their passing. Understanding the pros and cons of each can guide families in making informed decisions for their financial future.
Source: YAHOO