Resource Center

by Patrick H. Murphy, JD, LLM (Taxation)

The current state of the law has made the capital gains tax the new “estate tax” that should be on everyone’s radar. It is well worth reviewing your client’s current estate plan for potential opportunities to add value. The Alaska or Tennessee community property trust is a powerful tool that can be leveraged to drastically reduce or eliminate the capital gains, provided the conditions are right. This said, community property trusts are not necessarily appropriate for all clients and do come with some inherent risks which must be weighed against the benefits. Learn more about this this by downloading this article.