Jump to content

Estate Tax Questions


12AX7
 Share

Recommended Posts

Not being a tax professional, I would not offer advice in a discussion thread on estate tax strategies (at least without proper warnings).

Nor being insane, I would not rely on estate tax strategies offered in a discussion thread.

You may wish to consult a tax professional.

Always check with your actuary first!

Link to comment
Share on other sites

Bypass trusts are used in estate planning to reduce the impact of taxes. Estate planning is dependent on the particular facts and circumstances. Wouldn't questions tend to both specific and tax advice?

In any case, Why not just start the topic or post a specific question?

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

Link to comment
Share on other sites

Specifically the question is regarding an estate that is worth less than $500,000. The value of the estate is likely to decrease as well. Would there be any advantage to creating a bypass trust for this situation? I appreciate any general thoughts on the matter.

Link to comment
Share on other sites

An answer worth anything would need much more information.

Type of assets and titling.

Marital status.

Will.

Beneficiaries info ssuch as relationship.

Intent.

Etc

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

Link to comment
Share on other sites

We just went through a similar situation. I agree that this is probably not the best forum, but you really do need to speak with an attorney about this. There are just too many variables that affect this decision. The bypass trust can be a good option, but without all the details of your estate, full explanation of your desires/wishes, and an good understanding of the laws in your state, it is impossible to make a good decision.

We ponied up the money and went to an attorney. Best $400 we ever spent.

By the way, I am not an attorney (just a benefits guy) but have had some family experience over the past few years.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...