John J. Kamrar, Attorney at Law, P.S. - Estate Planning and Administration
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Bypass Trusts

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Bypass Trusts

Many practitioners are unaware of the use of bypass trusts for married couples for purposes other than estate tax avoidance.  A well-crafted bypass trust is able to avoid depletion of the decedent's estate by the surviving spouse in a number of instances.  Among those are nursing home expenses and spenddown.  A surviving spouse's liability for tort or contract cannot affect the bypass trust of the decedent.  This technique is not limited to use by the very wealthy---it protects estates for any citizens who wish to assure that their heirs receive their inheritance, rather than having the funds spent on government reimbursement for services, or on judgment creditors.

23 Comments to Bypass Trusts:

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Adam Henry on Saturday, November 17, 2012 1:08 AM
Lovely expose!! I'm delighted to know about the Bypass Trusts from this post which has really impressed me. Thanks for this nice allocation and carry on..
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Heath Davilla on Monday, November 19, 2012 3:10 AM
I got your post about the Bypass Trusts as well. It is really a informative sharing to helps people to know about this issue. Thanks and carry on..
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A surviving spouse's liability for tort or contract cannot affect the bypass trust of the decedent.
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Among those are nursing home costs and spenddown. A surviving life partners risk for tort or contract can't influence the sidestep trust of the decedent.
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