The Increased Estate and Gift Tax Exclusions
Are Now Permanent, and the JEST Might
Be the Perfect Revocable Trust Planning
Structure for Many Clients!
Many married clients in non-community property states may wish to use a Joint Exempt Step-Up Trust (JEST) to lock up considerable wealth preservation and income tax planning benefits.
The JEST may not only cause a step-up in income tax basis of all of the couple’s assets on the death of the first spouse, it may cause an additional step-up in income tax basis upon the death of the surviving spouse. The JEST structure also preserves the assets of both spouses upon the death of the first spouse by protecting against undue influence, creditor claims and possible future estate tax liability.
Learn the nuances and advantages of the JEST structure by joining us and nationally-renowned estate planning attorneys, Alan S. Gassman and Christopher J. Denicolo, for a straightforward and practical presentation entitled, “The Joint Exempt Step-Up Trust: Wealth Protection and Income Tax Benefits for Non-Community Property State Clients”.
During this 60-minute program, you will find out:
- Which clients should consider implementing a JEST structure
- How does the JEST work?
- What are the tax advantages associated with the JEST?
- IRS guidance and Rulings regarding joint trusts
- Other considerations in drafting joint trusts
- How the JEST Trust provides for unique situations
- And much more!