Infinity Estate Law Group LLLC

Are Your Revocable Trust Agreements Prepared for Changes Ahead?
(Read our Blog for a summary of proposed changes.)

Your trust agreements already have a Credit Shelter Trust mechanism built in place if we have prepared them for you. Otherwise, please contact us at INFINITY ESTATE LAW GROUP for a no-fee trust review and I may advise you on whether this is in place within your existing estate plan.

With a properly prepared trust, you already have the right to "double" the estate tax (federal or state) exemption between U.S. citizen spouses (or for non-citizen spouse, with a QDOT in your trust) by having his/her plan specify that at the time of the first death, the surviving spouse has the choice to disclaim an outright all or part of their inheritance to fund into a credit shelter trust for their benefit for the remainder of his/her lifetime.

Are Your Revocable Trust Agreements Prepared for Changes Ahead? The estate tax and lifetime gift tax exemption (which was temporarily doubled until 2025) is currently $11.7 million per person ($23.4 million for married couples). In addition, there is a $15,000 per donee gift tax exclusion ($30,000 if spouses agree). The current estate tax rate on amounts in exce...