Provide your heirs the option of creating an inheritor’s trust

Description

Abstract: Even though it may not be top of mind when a person develops or revises his or her estate plan, it’s important to consider how bequeathing assets to family members might affect them. Why? Because when heirs receive their inheritance, it becomes part of their own taxable estates. This article examines how giving a loved one permission to create an inheritor’s trust can help avoid this outcome.