Legal definition of A/B Trust
Living Trusts Legal Terminology

A/B Trust

An "A-B trust" is a type of trust established by a married couple that includes provisions requiring the allocation of assets on the death of one spouse to two separate trusts to be established only at that time. This family trust might help spouses to save on estate taxes.

The Estate Tax Credit currently allows you to shelter up to $2 million from estate taxes.
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Bend BulletinCarline L. Fenton, trustee of the Caroline Leon Fenton Separate Property Living Trust, to Michael J. and Karen M. Mansker, Village at Cold Springs, Lot 37, $305,000. • Gregory A. and Catherine R. Hardwick to Sarah A. and Samuel F. Almquist, Bluffs at ... more »
Los Angeles TimesDear Liz: You mentioned recently that there are no tax advantages if your assets are held in a living trust. Aren't you forgetting the tax exemption feature that allows an exemption of $5.49 million for each person? Hence a married couple can exclude ... more »
NewsOK.comBrandon C. Burns and Barbara L. Burns from Traci Diane Cook Revocable Living Trust, 3217 Rolling Stone Road, $880,000. Thomas A. Showalter lll and Heather V. Showalter from Dale F. Jr. and Susan D. Jordan, 1621 Westminster Place, Nichols Hills, ... more »
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