Despite government assurances that the recent estate tax regulations were “permanent,” nothing is really forever or permanent in Washington DC.
Democratic front-runner Hilary Clinton has recently proposed on the campaign trail a higher effective estate tax rate, lowering the estate tax exemption amount by more than $2 million per person, and increasing the marginal tax rate on taxable estates from 40 to 45%.
It is estimated that this will double the annual number of households subject to the tax, raising $400 to $500 billion over the next decade. Nevada trust strategies can be an excellent estate tax “freezing” technique to reduce or eliminate estate tax. Please call Alliance Trust Company in Reno at 775-297-4000.
