Steven asks…How is tax burden minimized when using Trusts in estate planning?admin answers:This is really too complicated to discuss here, and you'll need to have an individualized plan in order to determine whether it will help.
However, the only way a trust can reduce Federal estate taxes is for it to allocate assets to be used for the benefit of the surviving spouse, while not belonging to that spouse, thereby using the separate $2 million exemption (for 2008) for each spouse.
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