Forbes’ recent article, “Guide To Marital Trusts,” explains multiple advantages to using a marital trust.
The main benefits are the following:
However, there are also downsides to using a marital trust. Those downsides include:
A marital trust will lay out the grantor (you), the trustee (who will manage the trust) and the beneficiaries.
A marital trust is a beneficial estate planning tool that will take care of your surviving spouse after you’ve passed away.
By using this strategic tool, you can essentially double the amount of your estate that won’t be taxed at a federal level.
You can also ensure that your wealth stays within your family by transferring assets into a marital trust.
Wills, trusts, and estate planning for everyone. To book a call in Anchorage, Alaska, please contact Mitch Wyatt at https://mkwyatt.com