The purpose of the traditional A/B Trust was to allow a married person to structure their estate plan so that when a married person dies, no federal estate tax was required to be paid within nine months of the date that the married person passed away.
When a MyAdvocate customer sets up their will or living trust, or if they restate their living trust, they automatically take advantage of this federal estate tax marital deduction (which provides that no federal estate tax is required to be paid upon the death of the first spouse) so long as they choose the “outright to spouse” or “in trust for spouse” and with surviving spouse to receive the income for life.