Will Your Kids Get Your Estate? | HERSHORIN & HENRY LLP | Legacy Law | Orange County Living Trust and Probate

Will Your Kids Get Your Estate? | HERSHORIN & HENRY LLP | Legacy Law | Orange County Living Trust and Probate

Will Your Kids Get Your Estate?

Will Your Kids Get Your Estate?
Posted on : May 13, 2007
The AB Living Trust Saves Taxes
The estate tax occurs when someone dies owning a very large amount of property.Consider creating a living trust if you expect that your estate or that of you and your spouse may owe the tax. A living trust has two advantages. It avoids probate and also saves on federal estate tax. Without the living trust, surviving spouse's estate will include his or her share of the couple's property plus the property inherited from the deceased spouse and thus incurs estate tax when he dies. ...»