Credit shelter trusts help save on state estate taxes

Posted on April 15th, 2011 No Comments

A credit shelter trust is a trust that allows married couples to only be taxed on six percent of their estate for estates totalling less than $500,000.

According to experts, assets that are set up in this kind of trust can be used by a surviving spouse during their lifetime and then passed on to children in the event of the spouse’s death.

Trusts are a great way to ensure that your loved ones receive the assets that you intended without having to go through costly and time-consuming probate litigation.

If you or someone you love would like more information on setting up a trust, please contact the Houston trust lawyers of Garg & Associates, P.C., at 877-780-8937.

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