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How Can I Remove Property From My Taxable Estate and Still Benefit?

How Can I Remove Property From My Taxable Estate and Still Benefit?

  • January 12, 2012

To save estate taxes, these appreciating assets must be eliminated from the gross taxable estate. The solution is to convey such appreciating assets to an irrevocable trust that contains special instructions. Those instruction state that at your death the trust’s assets will belong to your designated beneficiaries; therefore, the assets will not be a part of your taxable estate when you die.