California Living Trust Tax Secrets Revealed Today Only
The Tax Advantages of Living Trusts
One of the primary benefits of a living trust is its potential to reduce estate taxes. While a living trust in itself does not provide tax savings directly, it can be structured to take advantage of various tax strategies. For instance, you can incorporate an AB trust, also known as a bypass trust, which allows couples to double the estate tax exemption amount. This strategy is particularly beneficial for high-net-worth individuals looking to minimize their estate tax liabilities1.