AB Law Blog
What Happens to Debt When You Die: What Families Must Know
Most families believe they will inherit their loved one’s debt. Most debt collectors count on that fear. Your debt does not automatically transfer to your heirs, but it shapes how much they receive and what the estate must pay before they get anything. Here is exactly what happens and what your family needs to know before the collectors call…
Asset Protection Trusts for Business Owners: How They Work
Most business owners think of asset protection as something that happens at death: a trust that keeps things out of probate, a plan that passes the business to the right people. A lifetime asset protection trust does something different. It protects what you have built while you are still alive, still running the business, and still able to benefit from the assets inside it. Here is how it works and what business owners need to understand before they use one…
The New Tax Law and Your Family’s Trust: What to Know Now
The One Big Beautiful Bill raised the estate tax exemption to $15 million per person. That provision made headlines everywhere. A second one didn’t: a deduction limitation buried in a Congressional footnote that tax lawyers say may create double taxation inside family trusts, including special needs trusts with as little as $400,000 in assets. Here is what families with trusts need to know right now…
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