8 Trusts That Can Help Reduce Estate Taxes

One of the items on the new Democratic administration's agenda is lowering the exemption for the estate tax from its current $11.4 million for a single person to as low as $3.5 million. That could expose a lot more individuals to the tax, and may spur many of them to look into the possibility of setting up a trust to reduce the size of their estate. In the gallery above are a few trusts to consider that could reduce the size of your clients' estates, thus reducing their estate tax burden. To learn more, check out 10 Facts to Know About Irrevocable Trusts and 10 Facts to Know About Revocable Trusts.