Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, December 26, 2017

A Gift from the New Tax Act: Kill That Trust

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-25/ccddccc0-eac1-49ce-97a6-a800d27ce870.pngThe increase in the estate tax exemption threshold renders some trusts obsolete. For those planning in the late ‘90s, when the exemption limits were significantly lower, shielding assets in a trust was an excellent planning decision. But now, with the exemption limit for couples at $22.4 million, these planning vehicles are unnecessary for many who previously benefited from their application. If a trust is part of your current estate plan and is now unwarranted, it is important to clear that language out as soon as possible.

See George, A Gift from the New Tax Act: Kill That Trust, Fox & Mattson, P.C., December 22, 2017.


Current Events, Estate Planning - Generally, Estate Tax, Trusts | Permalink


Post a comment