Monthly Archives: September 2012

Will A Living Trust Eliminate Estate Taxes?

A revocable living trust allows couples to effectively double the estate tax exemption (currently $5,000,000).  If you only had a will, as opposed to a trust, which left everything to your surviving spouse, you would lose your exemption.

The trust lets you keep your exemption, which could potentially save over $1,000,000 in taxes.

For specific questions about setting up a living trust and estate taxes, please contact our Estate Planning Attorney in Los Angeles today at (818) 501-5800.

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