With the ever changing climate of legislation concerning the federal estate and gift tax exemptions, there are many uncertainties as to which trust structures are best suited to defer and/or minimize estate tax. Our approach to estate planning is to provide you with the most flexibility in these uncertain times.

     The current federal estate and gift tax exemption ($12.92 million for individuals and $25.84 million per married couple) is set to expire on December 31, 2025 after which the estate and gift exemption might decline to something like $7 million per individual and $14 million for a married couple, depending on inflation over the next few years. https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax

     A revocable living trust is a document that allows a person (the Settlor or Trustor) to transfer property into trust and control the disposition of their assets during their lifetime and upon death. A revocable trust will avoid probate and may be revoked or changed during lifetime. It will also provide for the settlor's health care and that of their dependents if the settlor is deemed incapacitated.