The bypass trust, also known as the credit shelter trust, the family trust and the “B” trust, has been the foundation of estate planning for married couples since before I started practicing law.

When it comes to building an estate plan, trusts are a common tool used to manage assets, minimize taxes and set things up for a smooth transfer of wealth. Two trusts you may come across in the estate ...

The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, ...

The bypass trust assets are then decanted, or transferred, into that trust by means of discretionary authority under state law. Many states, such as California, do not permit decanting that involves ...