Overcome Bad Trust Advice

With tax law changes many trust and trust advice may be outdated and overly simplistic. To address this issue consider the following ideas:

• The current estate, gift and GST tax exemption is a whopping $11.8 million, but that amount will be halved in 2026, so you and your family should try to mitigate before such change. Using the exemption requires that the person makes a gift that removes funds from their estate.

• Do you need access to assets that you gave away? Consider strategies to create adequate access.

• Determine if you can benefit from a traditional grantor trust (grantor sets up the trust and pays the income tax) or a non-grantor trust (the trust, not the grantor, pays income tax on trust income).

Consult your estate planner or reach out to us at www.benzercapital.com [713.979.2300] for further guidance.