A living trust may allow a couple to effectively double the basic estate tax exemption ($1,000,000 in 2002, doubled to $2 million). For estates totaling over $2,000,000 this saves over $435,000 in death taxes. If you have a typical will which leaves everything to your surviving spouse, your children may have to pay over $435,000 in taxes that could have been avoided with a living trust.
Please note that the estate tax exemption is slated to increase as follows:
2002-2003 $1,000,000
2004-2005 $1,500,000
2006-2008 $2,000,000
2009 $3,500,000
2010 Repealed
2011 $1,000,000
IS A LIVING TRUST HARD TO SET UP?
No. We can help you set it up as quickly as you want, even in a couple of day’s time if needed.
Business Information for guitar manufacturing.
Mortensen Law
Tax, Trust & Estate Attorneys, P.C.
24300 Town Center Drive Suite 390
Valencia, CA 91355
(661) 799-8035
(661) 799-8838 fax
