The Couple’s Quick Guide to Estate Planning

The Couple’s Quick Guide to Estate Planning

When it comes to couples, you have estate planning options that are unique to your legal relationship. Here are some things that a couple should know about when planning a future together.

• A/B Trusts – While rare, this is a type of tax shelter that you may want to take advantage of if you have a huge estate. Most estates will not need something of this nature due to the current estate tax laws.
• Marital Disclaimer Trust – This is for couples who want to give the surviving mate a Bypass Trust option. Don’t try to set up this kind of trust on your own. You will want the help of an estate planning attorney to ensure this is the best option for you financially.
• Survivor’s Trust – This is a simple way to leave your mate everything that you own. Just remember that if the survivor remarries, it may affect whether your kids get anything in the future when the survivor eventually passes away.
• Survivor’s Trust w/ QTIP – Qualified terminable interest property (QTIP) can be of benefit if you are dealing with a smaller estate or have a blended family. The surviving spouse receives the maximum asset distribution, but you also get the best deductions while you are both alive.

Estate Planning for Couples in San Diego, CA

If you live in San Diego or the surrounding areas, Petrov Law Firm is your source for Southern California’s top estate planning attorneys. To get your estate plan started, give us a call today at 619-344-0360 and schedule a consultation.