How can I minimize the amount of estate tax my beneficaries will have to pay?
When an estate exceeds the estate tax exclusion amount, a special trust mechanism can be established to shelter those assets from estate tax. Called a disclaimer trust, this approach helps you reduce the amount of estate tax that will be due upon trust distribution.
It's important to understand that proper trust drafting can be complex and is essential. The difference between doing this properly and not can be hundreds of thousands of dollars in tax liability that could have been avoided.