Problem:
Exemption at $5.4 million and combined assets are $5 million each or less. Traditional Trust provisions require Bypass funding rather than allow flexibility. Majority of liquid assets are allocated to the Bypass Trust. Surviving Spouse has no ability to effectively utilize assets without displacement from primary residence. Asset rich, cash poor for daily living.
Solutions:
Review assets in detail during planning phases
Construct Trust directives for flexibility to decide on funding Bypass Trusts
Amending older trusts during lifetime
Disclaimers