Can my spouse and I do one revocable trust for both of us?
In Pennyslvania, husbands and wives usually have their own indivdual trusts and must carefully divide their property to achieve maximum estate tax planning, if that is desireable. Joint revocable trusts are common in community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin). For complex tax reasons, joint trusts usually are not recommended for residents of states other than community property states.
Attorney David M. Frees III whose practice involves trusts, estates, wills, and estate and asset protection planning, has just published a new (and free) guide for executors of wills probated in Pennsylvania.
If you are an executor, or if you need to update an old will, trust, or estate plan, or if you need to do one for the first time, call 610-933-8069 and ask for one of David's assistants for an appointment with David or one of his team.
Please tell us that you're calling from our estate planners web site and you will receive a bonus when you come for an appointment or you have a telephone conference with David.