A: Absolutely. First, in a general sense, we would recommend that ANY trust of that age be reviewed given the changes in laws and potentially changed circumstances since the original trust was signed. Second, the specific trust that you have, namely an A/B trust, is largely considered obsolete under current laws and in most cases creates added costs and administrative burdens to a surviving spouse without any practical benefit.
Q: My husband and I have an A/B Trust that we created in 1997. Would it be recommendable to have the trust review and updated?
