Husband and wife created a standard survivor’s bypass trust, with half the assets passing to the family of each spouse. Upon the death of the husband, this structure necessitated the valuation and allocation of the assets between the two trusts. While the couple had plenty of liquidity, the sheer number of entities and accounts made this a daunting task. DeAngelis Legal worked with the surviving spouse, her accountant and her financial advisor to value and allocate the assets between the two trusts. DeAngelis Legal also prepared detailed funding instructions and prepared the necessary documents to update each entity’s corporate records to reflect the applicable trust as the owner.
