With the recent changes to the Federal estate tax it’s easy to think Estate and tax planning are only for the wealthy. In reality, your estate is usually worth more than you think it is.
Archive for the tag 'Tax Planning'
A Credit Shelter Trust (CST) is one tool that allows a married person to shelter assets from estate tax. Upon the death of the person, assets are transferred to the beneficiaries named in the trust – free of estate tax.
By Eileen W. Siegeltuch, Esq. & S. Paul Prior, Esq.
It has been said that there are only two things you can count on: death and taxes. In this case – there is some good news. In the final days of 2010, Congress enacted the Tax Relief Act, bringing changes – and some relief – [...]