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Judith A. Wright |
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Judith A. Wright |
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About Our Services |
CONCLUSION
be very much a political question. Since a 60% vote of both the House and Senate is required to make the estate tax repeal permanent, it is questionable as to whether either party can muster the votes required. In the meantime, estate tax planning utilizing a revocable trust, which includes a creditor shelter trust, is still necessary in order for married couples to avoid unnecessary tax. In addition, whether single or married, and whether the estate tax is in place or not, trusts offer terrific protection for beneficiaries who, although they may control and use the property, are not regarded as its owners for creditor protection purposes. Finally, trusts are emerging as a superior way of accomplishing planning for the management of property during a period of incapacity. They have proven themselves to be a less expensive, quicker and more private way to transfer property at death when compared to the probate court system.
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Estate Planning
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DISCLAIMER |
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