What Are The Tax Rules For Asset Protection Trusts? Are you interested in understanding how asset protection trusts work and their tax implications? In this video, we’ll explain everything you need to know about the tax rules that apply to these powerful estate planning tools. We’ll start by discussing the different types of trusts, including revocable and irrevocable options, and how their tax treatment varies. You’ll learn how most asset protection trusts are set up as irrevocable trusts and what that means for tax purposes, including how they pay taxes as separate entities and the impact on your overall estate. We’ll also cover how estate taxes can be affected if assets in the trust are accessible to creditors, and what proper structuring can do to prevent inclusion in your estate. Additionally, we’ll explain how capital gains and dividend income are taxed within trusts, including recent thresholds for lower tax rates and additional taxes like the Net Investment Income Tax. Whether you're planning your estate or protecting assets from future creditors, understanding these tax rules is essential. Proper setup and professional advice ensure your trust provides the intended benefits without unexpected tax consequences. Join us for this detailed overview and subscribe for more helpful legal and estate planning information.
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By: Wealth and Estate Planners Title: What Are The Tax Rules For Asset Protection Trusts? - Wealth and Estate Planners Sourced From: www.youtube.com/watch?v=9qyD2VraTCs
