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Definition of a Trust
What Does a Will Do?
Advantages of a Living Trust
Difference Between Will & Living Trust
Purpose of a Living Will
How to Set Up a Living Trust
How to Set Up a Living Will
What Is a Bypass Trust?
The Pros & Cons of a Bypass Trust
Cost of Setting Up a Living Trust
How are Trusts Taxed?
What Is a Revocable Living Trust?
The Purpose of an Irrevocable Living Trust
What Is a Durable Power of Attorney?
What Is a Probate?
Do You Always Have to Probate a Will?
When Do You Have to Probate a Will?
If You Die Without a Will is Probate Necessary?
What Is Made Public in a Probate?
The Probate Process Explained
What Is Estate Planning?
When Should I Begin Planning My Estate?
What Documents are Needed for Estate Planning?
What Does it Take to Be an Estate Planner?
What Is a Constructive Trust?
What Are Capital Gains Taxes?
What Are Capital Gains in a Bypass Trust?
Tenants in Common
Required Minimum Distribution
Federal Inheritance Taxes
What to Do When Someone Dies
A Checklist for When Death Occurs
Have You Been Named in the Will?
Have You Been Named a Beneficiary in a Trust?
Are Wills Open to the Public?
How Do I Contest a Will?
The Probate Inventory
When Does the Trust Stay Private?
What Is an Heir?
What Are the Rights of Heirs?
What Is an Heir Apparent?
Do Some Heirs Have More Rights Than Others?
What Is a Missing Heir?
Heirs' Rights in Absence of a Will
Definition of an Estate Executor
What is a Domiciliary Executor?
Guidelines for Choosing an Executor
What Is Executor Compensation?
Can a Trustee or Executor be Replaced?
How to Draw Up Executor of Estate Paper Work
What Is the Role of an Executor?
Guide for Estate Executors
Are There Executor Fees?
What Is an Executor's Deed?
Must an Executor Notify a Beneficiary?
Do Creditors Get Paid When Someone Dies?
Does the Will Say How Life Insurance is Paid?
Does a Will Trump Life Insurance?
Is an IRA or a 401k Paid According to the Will?
If You Are Beneficiary of an IRA or 401k
Who Gets Life Insurance Payable to an Estate or Trust?
What Happens if an IRA or 401k is Payable to the Estate Trust?
What Does it Mean if a Bank Account Says POD?
What Does it Mean if a Bank Account Says ROS?
Does it Avoid Probate to Have Accounts in Joint Tenancy With Right of Survivorship?
How Many Months Do You Have to File an Estate Tax Return?
When Do You Have to File an Estate Tax Return?
Do You Have to File an Income Tax Return After Someone Dies?
What Part of Your Estate is Taxable?
What Is a Family Estate Trust?
What Are Gift Taxes?
Asset Protection vs. Estate Planning
Elder Law vs. Estate Planning
Retirement Planning vs. Estate Planning
What Is Trust Fraud?
Estate Planning Checklist
Whom to Notify When Someone Dies
Family Estate Trust or Revocable Living Trust?
Tips for Wealth Management
General Types of Wills
How to Become a Probate Attorney
Inheritance is the transfer of property, cash and other assets from a deceased person to relatives and col… More
Estate planning can be started at any age, but estate planning cannot help someone who is already incapaci… More
Most people work hard for their money. They work to take care of their families and provide for themselves… More
Inheritance can be taxed by the IRS on several different levels and preparing a schedule K 1 is the correc… More
Legacy planning extends beyond merely leaving money behind for loved ones or taking advantage of every tax… More
Nothing tears a family apart more than arguments over money. To make sure financial issues never come betw… More
A trust is an arrangement that allows for an individual to have legal title for someone else's property. O… More
Everything you own and every part of your estate is subject to estate taxes. Learn what parts of estates a… More
On the top of any estate planning checklist should be working with a qualified financial planner. Get tips… More
Setting up a living trust is a complex process dealing with who property owned is going to be dispersed to… More
In estate planning the pros of a bypass trust are two tax exemptions; the con is cost. Learn the pros and… More
A major goal of estate planning is to avoid probate, when a court must remove one name from a legal deed a… More
Related to estate planning, there are two types of probate, one is probate while living, and one is probat… More
Summary: In estate planning the pros of a bypass trust are two tax exemptions; the con is cost. Learn the pros and cons of a bypass trust from an estate planning and probate lawyer in this free video on estate law.
Brad Wiewel is board certified in estate planning and probate by the Texas Board of Legal Specialization and has been practicing law since 1978. His firm, The Wiewel Law Firm, is...read more
"So why wouldn't you make every living trust or every will, a bypass trust will or a bypass trust living trust. And the reason is well first it cost money. And in a bypass trust or a will or living trust, can add a number of thousands of dollars to the cost of that particular document. So a lot of people frankly just don't want to spend the money. But a lot of people also don't need a bypass trust, in fact the vast majority of people probably don't need a bypass trust. Because you don't need a bypass trust unless the size of your estate is more then at least one of the estate tax exemptions. Estate tax exemptions in two thousand eleven is set to be a million dollars. Well if the estate of the married couple is less then a million dollars, you probably don't need a bypass trust because they are not going to be subject to estate taxes in any situation. You can use a bypass trust even if you have less then that amount and you are really concerned about remarriage. If you are concerned that your spouse passing away, you remarry or you are worried about you die and your spouse remarries, having a bypass trust in place allows you to make sure that the deceased portion of the estate is available to the survivor, but not available to your replacement. You can, we use the term in our office, we can bimbo and gigolo proof an estate with the use of a bypass trust. We can make sure that the new spouse doesn't get any of the deceased money and what's left of the deceased money when the survivor passes away goes to the first to dies family the way they want to, not to a bimbo or gigolo."
eHow Article: The Pros & Cons of a Bypass Trust
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