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  2. Bypass trust - Wikipedia

    en.wikipedia.org/wiki/Bypass_trust

    A bypass trust is a long-term planning device. It is typically created as part of an A/B Living trust estate plan after the death of the first spouse to die. During life, a married couple transfers ownership of property into a trust.

  3. Lapse and anti-lapse - Wikipedia

    en.wikipedia.org/wiki/Lapse_and_anti-lapse

    Most common-law jurisdictions have enacted an anti-lapse statute to address this situation. The anti-lapse statute "saves" the bequest if it has been made to parties specified in the statute, usually members of the testator's immediate family, if they had issue that survived the testator.

  4. This Is When You May Need an AB Trust in Your Estate Plan - AOL

    www.aol.com/may-ab-trust-estate-plan-140039089.html

    An AB trust, also known as a bypass trust, divides a married couple’s estate into two separate legal entities (trust A and trust B) when the first of the two people dies. Trust B receives assets ...

  5. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Personal trust law developed in England at the time of the Crusades, during the 12th and 13th centuries. In medieval English trust law, the settlor was known as the feoffor to uses, while the trustee was known as the feoffee to uses, and the beneficiary was known as the cestui que use, or cestui que trust .

  6. What Should I Include in My Estate vs. Trust? - AOL

    www.aol.com/estate-vs-trust-really-understand...

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  7. This Is When You May Need an AB Trust in Your Estate Plan - AOL

    www.aol.com/finance/may-ab-trust-estate-plan...

    An AB trust is a legal arrangement for married couples that can minimize estate taxes by splitting assets between two separate trusts when one spouse dies. While a federal provision that went into ...

  8. Tracing in English law - Wikipedia

    en.wikipedia.org/wiki/Tracing_in_English_law

    This is that where trust funds are wrongly mixed with the trustee's personal funds, used for an investment, and the money is thus not recoverable, the beneficiaries are allowed to "elect" whether the investment is to be held as a security for the amounts owed to them, or whether to take the unauthorised investment as part of the trust fund.

  9. Testamentary trust - Wikipedia

    en.wikipedia.org/wiki/Testamentary_trust

    the beneficiary(s), who will receive the benefits of the trust; Although not a party to the trust itself, the probate court is a necessary component of the trust's activity. It oversees the trustee's handling of the trust. A testamentary trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that ...