This is an edited excerpt of The Tax & Legal Playbook by attorney and CPA Mark J. Kohler. It examines the benefits of using a revocable living trust (RLT) to avoid probate and maintain a significant amount of control over distributions to beneficiaries. Kohler also discusses how a marital bypass trust, also known as an A-B Trust, can be used by married couples to take advantage of personal estate tax exemptions. This excerpt lists out the creative ways that people can distribute assets to children. It offers advice on various techniques people can use to reduce estate tax liabilities.
See Mark J. Kohler, Smart Estate Planning Tips for Entrepreneurs, Entrepreneur, June 25, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
