Quote:
Originally Posted by Great Expectations
This is definitely the smartes way to do it; now you just need a trust to help with potential future tax liabilities.
|
Quote:
Originally Posted by lewdog
Yes, getting one in place for our assets next year. Can get lawyer services from work for $20/month and it includes trust and will writing. Already have living Will but do need the trust.
|
What tax? Estate taxes? Federal estate tax threshold is $5.6 million so it's alot of cheddar before you need to worry about structuring your estate plan around tax issues. A brief bit of online research suggestst hat Missouri has no estate tax, though if you're in another state your mileage may vary.
Obviously, good estate planning can be critical for many other reasons, but unless you have pretty serious coin, estate taxes isn't likely to be a key driver.