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Estate Planning Questionnaire and Worksheets South Carolina Form

Estate Planning Questionnaire and Worksheets South Carolina Form

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[Music] well one way is uh it's income taxes now with a trust if you have incom producing property and you put that property in the trust the taxes on that property come across to you through a K1 in your personal account but that is tax at a better rate than if you reported those on your own income tax return not from the trust also the biggest impact would be in estate taxes of course right now you have to be worth more than 11 A5 million dollar to have estate taxes but if you're in that category or if they lower that threshold in the future which they talk about doing then uh your the one left behind would have very high taxes whereas with a proper trust like an ABC trust you would spread those taxes out over two or three generations [Music]

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