In This Issue:
- A Contrarian View on Bypass Trusts
- Getting More Out of Trusts: The Total Return Unitrust
- Estate Planning for Your Eighteen Year Old: What You Need to Do Now May Surprise You
- Excerpt from Getting More Out of Trusts: The Total Return Unitrust:
Trusts have become a basic tool in estate planning. Virtually every trust provides for the distribution of income to the current beneficiary, either mandatory or in the trustee’s discretion. The reasons for this vary. In a trust for a surviving spouse (marital trust), distribution of income is required to qualify for the marital deduction, and distributions generally carry out trust income to the beneficiary, thus are subject to less punitive income tax rates. But for most clients, income is intended to provide a source of regular funds to the beneficiary, particularly where the beneficiary is the surviving spouse. For many clients, however, the significant decline in interest rates and the limited returns generated by fixed income investments generally, the last 15 years has made the benefit for many trusts modest at best...
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Topics: Beneficiaries, Bypass Trusts, Durable Power of Attorney, Estate Planning, Estate Tax, Trusts
Published In: Tax Updates, Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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