Revocable living trusts are sometimes used to provide a framework around state and federal estate taxes, if applicable. Using trust instruments is not a way to eliminate the taxes your estate might owe; however, it can provide a structure for leveraging state-specific marital and charitable deductions.
For people who believe their estate may be subject to estate taxes, revocable living trusts can include provisions addressing how the taxes due will be apportioned against trust and estate assets.
Can't find what you are looking for?
Contact us here.