Right now, high estate tax exemptions, historically low interest rates and valuation discounting, along with proposed Biden administration tax reform to cover pandemic debt, have created a “perfect storm” for estate and tax planning.
But this window of opportunity is not expected to remain open for long. Transferring your assets to a trust now can help:
Protect assets from unnecessary taxes
Take advantage of current estate/gift tax exemptions and valuation discounting rules
Minimize liability exposure
Preserve access to funds
Create a totally tax-free and asset-protected pool of funds in some cases
We can provide you with a tailored solution designed to fit your needs. Contact any of our estate planning attorneys who can help guide you through the many complex planning techniques available.