A simple probate-avoidance living trust has no effect on estate taxes.
Keep in mind that for deaths in 2011 and 2012, only estates worth more than $5 million will owe estate taxes. This means that very few people have to worry about this tax.
In the past, AB trusts were used to help couples save on estate taxes. However, the large personal exemption and "portability" for spouses make AB trusts largely unnecessary. To learn more, read Nolo's article Tax-Saving AB Trusts.
Ready to Create a Living Trust? | ||
| You can make a trust yourself--online or on your computer--or get help from a lawyer | ||
 Nolo's Online Living Trust | We'll take you through a step-by-step interview, asking all necessary questions and explaining legal issues along the way. Start creating your living trust now. | |
 Nolo's Living Trust Maker | This stand-alone software also uses a simple step-by-step interview, but doesn't require Internet access. Buy the software. | |
 Make Your Own Living Trust, by Denis Clifford | This bestselling book provides all the forms and instructions you need to make your living trust. Buy the book | |
 Talk to a Lawyer | If you have questions about your situation or a thorny estate planning issue, get advice from an estate planning lawyer. | |
Find us on Facebook
Follow us on Twitter
Find us on Google+
Watch us on YouTube
Listen to us on iTunes