Chapter 21: Tax Planning 101
Trusts

Now that you know the variety of taxes your estate may be subject to after you die, you can see why tax planning can be so important. If your estate is likely to exceed the federal exemption threshold, good estate planning can sharply reduce the amount of money that goes to the government instead of to your beneficiaries. The next chapter looks at gifting and ways of sheltering life insurance proceeds from taxation. This one deals with trusts. Read on to find more.

Of course, no book can show you how to prepare an estate plan that adequately accounts for all the individual needs and peculiarities of your situation – only an estate lawyer can do that. But if your estate approaches the exemption amount set by federal law you can help your lawyer work with you to prepare a plan that works for your needs.