Set up AB Trust (Bypass Trust) as a Testamentary Trust

by John
(Smith)

Are there advantages to setting up an AB Trust (also known as a bypass trust, exemption trust, or family trust) as a living trust vs. a testamentary trust?

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Oct 01, 2012
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advantages of living trust
by: Mo Johnson

Hi, a testamentary trust is not a living trust at all. There are several advantages to a living trust -- chief (probably) among them is avoidance of probate.

Read the links above and let me know if you have other questions. Thanks.

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