Skip navigation
TE-tips.jpg

Tips From the Pros: Zero Tax Trusts?

Al W. King III discusses the use of private placement life insurance trusts as a strategy to lessen the burden of President Biden’s proposed higher federal and state income and capital gains taxes.

President Biden and Congressional Democrats have recently proposed a $3.5 trillion infrastructure bill that contains nearly all of Biden’s American Families Plan proposed in April 2021, plus expanded Medicare coverage for hearing, vision and dental care.1 To pay for these programs, the President wants to raise federal income, capital gains and estate taxes in either 2021 or 2022.2 Additionally, many states and localities are increasing income taxes due to high debts and

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish