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Copyright 2009, Marc S. Weissman Certified Specialist: Estate Planning, Trust and Probate Law Certified by the California Board of Legal Specialization of The State Bar of California Weiss & Weissman, San Francisco, California (650) 574-0362 To Contact us: email Phone/Fax/Mail Homepage Return to Estate Planning Directory |
Since I can leave $3,500,000 Tax-Free, do I need a Trust?
There are several reasons to use a Trust. Taxes are only 1 reason.
If the tax free amount were unlimited and unlikely to change, we can ignore the tax benefits of a Trust. However, the one thing we know about this new law is that it will change or it reverts to the 2000 law on January 1, 2011. So we need to continue to use Trusts until the death taxes are dead for good.
The other benefits of a Trust continue, besides tax benefits.
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