Dedicated Guidance And Strategic Legal Solutions

Knowledgeable Guidance In Amending A/B Trusts In California

Unknown to many, A/B trusts, once a popular estate planning tool, may now be less effective for most couples due to tax law changes, but we can help.

Mullin Law Firm is dedicated to providing top-quality estate planning services in Concord. With years of experience and a commitment to our clients, we offer personalized guidance tailored to your unique needs. The Mullin Law Firm is ready to guide you through the complex task of amending your A/B trust.

Why A/B Trusts May No Longer Meet Your Needs

Recent changes in estate tax laws have significantly reduced the advantages of A/B trusts for many families. Originally designed to help couples minimize taxes by splitting the estate into two separate trusts (trust A and trust B) upon the death of the first spouse – the benefits of this strategy have diminished.

The increased federal estate tax exemption means fewer estates are subject to estate taxes, rendering A/B trusts less necessary. As a result, many couples find that their trusts need to be reevaluated and potentially amended to reflect current laws as well as their financial goals.

Does Your California A/B Trust Need An Amendment?

A/B trusts can present limitations that may warrant an amendment. These trusts often require complex administration and can create unnecessary complications for surviving spouses. Additionally, the rigid structure of A/B trusts may not provide the flexibility needed to adapt to changing laws and evolving family circumstances.

If your A/B trust was established even just a few years ago, an experienced estate planning lawyer can review it to determine if amendments are necessary. Factors such as changes in family dynamics, financial situations and legal requirements can all impact the effectiveness of your trust. Keeping your plan up to date protects your assets and provides peace of mind.

Talk With an Experienced Estate Lawyer At No Cost To You

At Mullin Law Firm, we understand that every planning situation is unique. That is why we offer free half-hour consultations to families in Concord and the surrounding areas. Call our team today at 925-852-6014 or reach out to us online to schedule your free consultation with Ronald K. Mullin, an estate planning attorney with over 45 years of experience.