Formula General Powers of Appointment to the Rescue

They can use the surviving spouse’s otherwise unused estate tax exclusion and cause credit shelter trust assets to receive stepped-up basis.

Robert J. Kolasa | Apr 17, 2019

Resources

The current stratospheric $11.4 million federal estate tax exclusion ensures that most clients are no longer subject to estate taxes. Many credit shelter trusts (CSTs) and irrevocable trusts are inefficient because they don’t save estate taxes, yet will deprive the family of stepped-up basis treatment at the beneficiary’s death.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

Hide comments

Comments

Plain text