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Using Swap Powers in your Trust to Reduce Income Taxes

Posted on: January 16th, 2017
Many clients have assets in irrevocable trusts to protect themselves from estate taxes. Estate tax thresholds have been raised significantly. At the same time, income tax rates have been increased. These new income tax thresholds have been labeled as the new “death tax”. With this “death tax,” an important estate plan strategy is to make sure that heirs can take advantage of the step-up in basis when grantors pass away....
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