Avoid state income taxes with an incomplete nongrantor trust
$225.00
Description
Abstract: Now that the federal gift and estate tax exemption has reached an inflation-adjusted $5.43 million, many people are shifting their estate planning focus to income tax reduction. One potentially attractive strategy for high-income taxpayers, particularly those who live in high-income-tax states, is an incomplete nongrantor trust. This article details the pros and cons of an incomplete nongrantor trust.
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