Introducing the Power of Appointment Support Trust

Introducing the Power of Appointment Support Trust

Income tax savings are only a fraction of the benefits

In the world of estate planning, we use lots of acronyms, such as QTIPs, GRATs, GRITs, CRATs, to name a few. We now introduce one more acronym that we think may catch on … it’s the POAST, which stands for the power of appointment support trust.  

 

A New Concept? 

Recent transfer tax1 and income tax legislation, including the American Taxpayer Relief Act of 2012 (ATRA),2 raised the basic exclusion

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