Choosing the right trust can mean the difference between a legacy that's protected and a legacy that's vulnerable. Whether you're looking to minimize estate taxes through an irrevocable trust or support both an individual and a cause through a charitable remainder trust, the goal is wealth preservation.
The passage of Trump's tax package in the OBBB has created a measure of certainty and opportunities to fine-tune your estate plan. The estate tax exemption was not only made permanent, but was also increased. Favorable changes to the Alternative Minimum Tax (AMT) will give you more income, which may allow you to increase the size of the trusts you leave to your beneficiaries.
