There are other types of trusts that can be used to satisfy more advanced objectives. For example, high net worth individuals may be exposed to the estate tax. You would face exposure if your assets exceed the amount of the estate tax exclusion. The exclusion stands at $5.45 million in 2016. The portion of your estate that exceeds this amount would potentially be subject to taxation when it is being transferred to the heirs.
Topics covered in this report include:
- Transferring Monetary Assets
- Incapacity Planning
Click here to read the whole report or download the PDF.
Colleen Sinclair Prosser offers years of experience in estate preservation and transfer. A strong proponent of the living trust, she also focuses on wills, powers of attorney, living wills, probate, trust administration, prenuptial agreements, nursing home planning, and special needs planning.
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