Standard AB Trusts and Credit Shelter Trusts have the same purpose; they reduce federal and state taxes on married couples by removing assets from a taxable estate. Each method creates trusts to take maximum advantage of exemptions from federal and state estate taxes. Many estate-planning informational presentations refer to AB Trusts and Credit Shelter Trusts […]
Category: Tax Estate Planning
Disclaimer Trust vs Credit Shelter Trust
Disclaimer Trust vs. Credit Shelter Trust Married couples seeking estate planning advice are generally concerned with providing for their surviving spouse and heirs while eliminating or reducing the payment of estate tax on their assets. The marital deduction and estate tax exemption provide, to a certain extent, the ability to avoid or defer estate tax […]
Credit Shelter Trusts: QTIP Trust vs Marital Gift Trust
Understanding Credit Shelter Trusts: QTIP Trust vs Marital Gift Trust Estate planning offers individuals with significant assets the opportunity to reduce or eliminate the taxable value of their estate, while at the same time providing financially for their family, friends and important charities. Credit shelter trusts are becoming increasingly popular as an estate planning tool. […]
