Exemption Trusts

Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses using legal instruments such as exemption trusts.

To discuss how an exemption trust may assist in maximizing estate value with a San Francisco attorney in a free, confidential consultation, contact The Evans Law Firm at 415-441-8669 or 888-50-EVANS or info@evanslaw.com.

Oakland Lawyers, Helping to Avoid Paying Excess Estate Tax

An exempt trust is used to reduce tax liability for gifts given, especially upon death. An exempt trust will place the assets of a married couple into a trust, or in the name of a separate organization that has been created. The trust will then hold the assets until one of the spouses dies; when the second spouse then goes to claim the assets, he or she will already have access to them through the trust and will not be considered for tax purposes as having inherited the assets or as having had them transferred through the inheritance process.

This method helps reduce or eliminate the tax liability of the surviving spouse. The second spouse will have access to the principal balance, which will allow him or her to continue to live comfortably, without having to pay a large chunk of the inherited money to the government or other taxation office.

Inheritance Lawyers Serving Sacramento and Other California Communities

To discuss how our lawyers can help you to avoid paying unnecessary estate tax, please call 415-441-8669 or contact us online via e-mail. Located in San Francisco, we accept cases in Oakland and communities throughout California.