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Will Planning Will $1,300,000 Estate On First Death $650,000 No Tax $650,000 $ 1,300,000 $ 650,000On...
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Will Planning Will $1,300,000 Estate On First Death $650,000 $650,000 No Tax $650,000 $ 1,300,000 $ 650,000 On Second Death $650,000 to be taxed 37-55% Also 5-7% of Gross to Probate Cost to Family-$300,000
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Transcript of Will Planning Will $1,300,000 Estate On First Death $650,000 No Tax $650,000 $ 1,300,000 $ 650,000On...
Will Planning
Will
$1,300,000 Estate
On First Death
$650,000$650,000
No Tax$650,000
$ 1,300,000
$ 650,000On Second Death
$650,000 to be taxed 37-55%
Also 5-7% of Gross to Probate
Cost to Family-$300,000
Non-tax Trust Plan
Marital Trust
on firstdeath
on seconddeath
heirs
No Probate
Revocable Living Trust
Tax PlanningEstate Plan
Family RevocableLiving Trust
On first Death
Marital Trust Family Trust
$650,000Survivor Trustee
On second Death
Heirs
No Probate, No Taxes up to $1,300,000, Savings-$300,000
all income
Tax PlanningEstate Plan
On first Death
Marital Trust Family Trust
$650,000Survivor Trustee
On second Death
Heirs
Life Insurance Trust
tax free
policy
all income
Family RevocableLiving Trust
Associated Documents
FundingDocuments
Pour-Over Wills Durable Powers ofAtty. for Prop.
Durable Powers ofAtty. for Health
Certificate of Trust
Family RevocableLiving Trust
Cost Comparison
0
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150,000
200,000
250,000
300,000
100K 400K 650K 1.3M +
no planwill onlytrust plan
Administration Costs
Estate Size
