Quite a few years ago we used to have a much lower limit at which heirs and beneficiaries would pay estate taxes. It used to be less than one million dollars per individual (or per spouse for a married couple) and the rates were quite steep, in fact over the last decade rates have been… Continue reading What is an A/B trust and do I still need one?
Tag: Estate Planning
Like being the executor of a will for the first time, settling someone’s trust as their trustee will teach you the meaning of “trust administration.” The person named as the last trustee to settle one’s trust after you are gone has the duties of a trustee and the obligations of trust administration. This work can… Continue reading Trust Administration