Trusts & Estates
Bypass Trusts: Capital Gains Tax Savings Strategies for 2017, Part 3
by WealthCounsel Staff
As mentioned in previous posts, there’s a good chance the federal estate tax will be repealed as part of a comprehensive tax overhaul based on the tax priorities of President Donald Trump and Republican leadership in Congress. However, the reality is that President Obama already repealed the estate tax for 99.8% of Americans in 2012.
Mr. Trump and GOP House and Senate leaders continue to tout significant future tax reforms, including a permanent repeal of the “death” tax. Bypass trusts, designed to prevent the assets held in trust from being included in the surviving spouse’s estate when he or she later dies, could be affected by those reforms.
Matthew T. McClintock, JD, WealthCounsel’s Vice President of Education, says that, while capturing capital
gains in a bypass trust can be troublesome, creative planning and administration, along with flexibility, can
dramatically reduce or eliminate the impact of unrecognized capital gains. Learn how in this brief.
Complete the form to get your free guide
What Every Estate Planner Should Know About Probate Litigation
Learn how you can best serve your clients (and keep them out of court) by downloading “What Every Estate Planner Should Know About Probate Litigation.”Learn More
Advising Clients on Probate
In this Insight Brief learn some popular probate avoidance strategies, along with some advice you can give to make sure your careful plans aren't foiled by your clients' actions (or inaction). Learn More
Deciding Whether to Use a Joint Trust or Separate Trusts for a Married Couple
This article will evaluate the merits of both joint trusts and separate trusts in separate and communityproperty states, examining the issue through the lens of the basic sweetheart estate plan.Learn More