Month: October 2021

A spousal bypass trust is a special legal mechanism to avoid some of the inheritance tax that would apply when one spouse dies and their benefits pass to their surviving spouse. This type of trust lets individuals take advantage of a pension or annuity that has...

Estate planning is an important responsibility for any adult in the U.S. While some aspects of estate planning and transfer are affected by federal law, especially in terms of taxes, state law shapes most of what happens when a person dies. Washington, D.C., is not a...