Morris Hall, PLLC

Estate Planning Attorneys

MakePayment with multiple options
CALL NOW: 1 (888) 222-1328
  • Home
  • Our Firm
    • About Morris Hall
    • Attorneys
    • Our Team
    • Morris Hall Core Values
    • Communities We Serve
      • Arizona
        • Carefree
        • Flagstaff
        • Mesa
        • Oro Valley
        • Phoenix
        • Prescott
        • Scottsdale
        • Sedona
        • Tucson
    • Career Opportunities
  • Our Services
    • Asset Protection
    • Probate
    • Tax Planning
    • Trusts
    • Trust Administration
    • Wills
  • Resources
    • Blog
    • Do I Need an Estate Plan?
    • Elder Law Reports
    • Elder Law Resources
      • Phoenix Elder Law
      • Tucson Elder Law
    • Estate Planning Problems
    • FAQs
    • Probate Resources
      • Probate
      • Flagstaff Probate
      • Phoenix Probate
      • Sedona Probate
      • Tucson Probate
    • Published Books
      • Don’t Go Broke in a Nursing home
      • Tax Free Money for Long-Term Care!
    • Recent Law Changes and Improvements Affecting Arizona
      • Update My Living Trust
    • Reports
    • Videos
    • What to Do When Death Occurs
      • What Not To Do When Someone Dies
      • Who To Contact After A Loved Ones Death
  • Reviews
    • Testimonials
    • Review Us
  • Locations
  • Events
    • Seminars / Webinars
    • Past Webinar Recordings
  • Contact
    • Consultation Policy
    • Contact Us
    • Discounts

Can a married couple use joint tenancy until one spouse dies, then set up a trust for the survivor?

June 24, 2020 by amsolutions

Yes, but this unfortunately has several problems associated with it. There is no guarantee that the surviving spouse will have time to set up a trust after the first spouse dies, or, more to the point, will actually get around to setting up a trust, regardless of the amount of time available. This method also loses the $1.5 million exemption tax advantage, because, like an outright gift, joint tenancy lumps all the assets in one spouse’s estate. In addition, the survivor will not see the increase in basis for the survivor’s interest as would happen in a community property state.

  • Author
  • Recent Posts
amsolutions
Latest posts by amsolutions (see all)
    MH logo

    Main Office

    7600 N 16th St, Ste 105

    Phoenix, AZ 85020

    Phone: 602-249-1328

    Fax: 602-248-2887

    Subscribe to Our Newsletter

    For a sample Click Here

    Offices

    Our law firm proudly serves many areas in Arizona. See all of our locations here.

    Our law firm proudly serves the state of Arizona.  See all of our locations here.

    Toll Free: 888-222-1328

    Mon-Thur: 8:00am – 5:00pm
    Fri: 8:00am – 4:00pm

    • Linkedin
    • Twitter
    • Facebook
    • Youtube
    • Instagram

    Need an Estate Planning Lawyer in Arizona?

    Looking for an estate planning attorney near you? We have office locations in Phoenix, Mesa, Chandler, Scottsdale, West Valley, Carefree, Prescott, Sedona, Flagstaff, Tucson, and Oro Valley in Arizona so please visit us at the location that is closest to you.

    • © 2023 American Academy of Estate Planning Attorneys, Inc All rights reserved.
    • Disclaimer