[WSBAPT] Each Spouse has Separate Trusts

[Jeff at bellanddavispllc.com]

Listmates:

 

I have run into this situation a few times in the past and still do not
understand why?  Spouses set up their own separate trusts (at the same time
and with the same lawyer).  Why?  I would understand it if one had received
a large inheritance or came into the marriage with substantial separate
assets and wanted to keep it that way.  Here, however, the trusts leave
everything to the surviving spouse in a marital trust with the spouse having
the right to disclaim to a credit trust.  So why the two trusts, why not
one?

 

Jeff Davis

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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