The estate tax may come to an end but the trust will most likely still be your best option.

The estate tax may be eliminated if President-elect Donald Trump fulfills his campaign pledge but it shouldn’t be assumed that the trust will be a thing of the past, according to Trust Advisor in “Even Without Estate Tax The Right Answer Is Still the Same: Put it All In Trust.

While there are many reasons why a trust will continue to be the best option even if the estate tax is eliminated, there are two reasons that stand out above the others. First, a trust protects against any disabilities that a beneficiary might have. You would not leave a lot of money to someone with special needs or a minor without making sure that someone else could oversee the money.

What people do not consider is that someone who is healthy now could become significantly disabled in the future. A trust helps prepare for that contingency. The other reason is that trusts can protect against future claims to the assets, such as from creditors or ex-spouses.

An estate planning attorney can guide you in the use of a trust that fits your circumstances.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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