Close Menu
+

Monthly Archives: December 2018

incomplete

How incomplete nongrantor trusts can help avoid state income taxes

By Legacy Protection, LLP |

With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers — particularly those who live in high-income-tax states — may want to consider incomplete nongrantor trusts, which make it possible to eliminate state taxes… Read More »

Facebook Twitter LinkedIn