Trust Strategies

How can I use trust strategies to avoid paying estate taxes on my family's wealth?

Trust strategies can help reduce estate taxes by removing assets from your taxable estate while you're alive. For example, irrevocable trusts permanently transfer ownership of assets, potentially keeping them below the $15,000,000 federal exemption threshold. Grantor retained annuity trusts (GRATs) and charitable remainder trusts are popular strategies that can transfer future asset growth to beneficiaries tax-free. The key is implementing these strategies early, as most require giving up some control over your assets to achieve tax benefits.