Using spousal bypass trusts

In the ever-increasing ­taxable world we live in, the concept of a spousal bypass trust has much to recommend it and is something that should be ­considered as a key part of ­retirement planning. The spousal bypass trust should be of interest as many employees have death-in-service benefits through their normal employment terms and conditions, or indeed death benefits which are payable under their pension arrangements. In the normal course of events, such death benefits would be paid to the surviving spouse on the member's death and would therefore not be treated as part of the deceas...