There are other types of trusts that can be used to satisfy more advanced objectives. For example, high net worth individuals may be exposed to the estate tax. You would face exposure if your assets exceed the amount of the estate tax exclusion. The exclusion stands at $5.45 million in 2016. The portion of your estate that exceeds this amount would potentially be subject to taxation when it is being transferred to the heirs.
Topics covered in this report include:
- Transferring Monetary Assets
- Incapacity Planning