Mark W. Bidwell

Trust, probate and will attorney and lawyer in Huntington Beach, CA

April, 2012

Settlor, trustee and beneficiary

The Actors A person owns an asset. The owner acquired the asset, controls the asset and benefits from the asset. A trust is a written document creating three separate actors for the asset. Creator – The owner of the asset creates the trust is known as the settlor or trustor Trustee – The trustee is […]

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AB, Exemption, Credit Shelter and Bypass Trusts

AB, Exemption, Credit Shelter and Bypass Trusts A hybrid trust is the AB Trust, also known as the credit shelter, bypass and exemption trusts. This trust is created by a married couple and is revocable. Upon the death of the first spouse, the assets of the first spouse are placed into an irrevocable trust. The […]

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Irrevocable Trusts Compared to Revocable Trusts

Irrevocable trusts compared to revocable trusts

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