The Thrill of Trust Funding

Many professionals view the funding of trusts as insignificant and easily accomplished particularly when there's a surviving spouse and no estate tax is due on the estate of the first spouse to die. But there are many tax-saving opportunities in subtrust funding. The converse is also true: Improper subtrust funding may result in serious adverse tax and non-tax consequences. A taxpayer's death begins

Many professionals view the funding of trusts as insignificant and easily accomplished — particularly when there's a surviving spouse and no estate tax is due on the estate of the first spouse to die. But there are many tax-saving opportunities in subtrust funding. The converse is also true: Improper subtrust funding may result in serious adverse tax and non-tax consequences.

A taxpayer's death begins a period of tax opportunity and risk for trust and estate administration.1

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