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What is a Spousal Trust? And Do I Need One?

September 28, 2022 - 00:00
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When most people create their estate plan, they want to ensure that the management and distribution of their assets are done in an orderly manner that protects their family. Therefore, part of the estate planning process should include how your spouse is protected should you pass away first. One of the most common methods is a spousal trust.What is a Spousal Trust?Basically, a spousal trust refers to a trust that is set up by you in your Last Will and Testament. The spousal trust is for the benefit of your surviving spouse. It is an agreement between you and your ...

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