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John Erik Fraker, Esq. Profile and Articles
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1). How a Living Trust Can Help You Disinherit Uncle Sam
Copyright 2006 Ainer & Fraker, L.L.P.
A living trust can help you reduce your estate tax liability to Uncle Sam. To see how this tax reduction works, let’s examine the following hypothetical case:
Client Family has an estate of $4 million. The husband dies in 2006, leaving his entire estate to his Wife.
Under the 2006 tax rate, each spouse is entitled to an exemption of $2 million (known as Unified Credit Amount), which is not subject to Federal Estate Tax.
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