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1). How a Living Trust Can Help You Disinherit Uncle Sam By : John Erik Fraker, Esq.
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.
Article Related to: living trust, will, estate plan, estate planning, tax, estate tax, probate, trust
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2). How can an estate plan help me? By : Aaron Grey
Do you know how your life will be divided after your death? Who will your estate go to Who will look after your children? With an estate plan you decide. You are in control of your family’s security in the event that something tragic should happen. Now perhaps you are a little foggy with some of the fundamental ideas associated with estate planning.
Article Related to: estate plan, estate planning, living will, living trust
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