{"id":6293,"date":"2015-11-02T07:00:32","date_gmt":"2015-11-02T07:00:32","guid":{"rendered":"http:\/\/www.youngwooldridge.com\/?p=6293"},"modified":"2015-11-02T07:00:32","modified_gmt":"2015-11-02T07:00:32","slug":"use-a-trust-to-avoid-estate-taxes-estate-planning","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/","title":{"rendered":"Use a Trust to Avoid Estate Taxes | Estate Planning"},"content":{"rendered":"<h2>Use a Trust to Avoid Estate Taxes | Estate Planning<\/h2>\n<p><strong>How a Trust May Help You Avoid Costly Estate Taxes<\/strong><\/p>\n<p><a href=\"http:\/\/www.youngwooldridge.com\/estate-planning\/\">Estate Planning<\/a> |\u00a0When you\u2019ve spent your lifetime providing for your family, you will likely want to be able to leave your assets to them. But federal and state estate and inheritance taxes can take a big bite out of those assets and leave your beneficiaries with complex legal and financial questions.<\/p>\n<p>However, it is possible to spare them this difficulty with good estate planning, and <a href=\"http:\/\/www.forbes.com\/sites\/ashleaebeling\/2013\/01\/28\/four-ways-to-beat-state-death-taxes\/\">trusts are among the best options available<\/a>. The two broadest categories of trusts are revocable and irrevocable. Revocable trusts give you access to your money, but you are required to pay taxes on those assets if they are over the exemption amount. Irrevocable trusts do not give you this kind of freedom, but they can also be passed on tax free to your beneficiaries.<\/p>\n<p><strong><em>Types of trusts available<\/em><\/strong><\/p>\n<p>More and more popular these days are spousal lifetime access trusts, which allow you to add to the initial deposit over time. With every gift to the trust, you reduce the overall value of your estate for tax purposes. You can then fund the trust until you\u2019re left with funds of an amount less than the state threshold for estate taxes. One of the best things about this type of trust is that your spouse can access the funds during your lifetime, which essentially means you have access to them as well.<\/p>\n<p>California is one of a number of states that don\u2019t have state estate or inheritance taxes, but many others do. These laws can change, so a conversation with a good lawyer is the best way of guaranteeing you\u2019re proceeding in the best manner.<\/p>\n<p><strong>If you\u2019re concerned with how to ensure your loved ones aren\u2019t saddled with taxes after your death, consult a Central Valley estate planning attorney. An experienced lawyer will be able to answer your questions, provide the information you\u2019re looking for and give you the peace of mind that comes from knowing your loved ones can be free of hassle and worry.\u00a0The compassionate estate planning attorneys at\u00a0<a href=\"http:\/\/www.youngwooldridge.com\/contact-us\/\">Young Wooldridge, LLP<\/a>\u00a0have\u00a0the resources of an experienced litigation firm and will make sure that your wishes are fully carried out.\u00a0<\/strong><\/p>\n<p><strong>Call today for a confidential consultation!\u00a0661.855.4886<\/strong><\/p>\n<p><strong>Like us on\u00a0<a href=\"https:\/\/www.facebook.com\/YoungWooldridge?fref=ts\" target=\"_blank\">Facebook<\/a>\u00a0for more information!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Use a Trust to Avoid Estate Taxes | Estate Planning How a Trust May Help You Avoid Costly Estate Taxes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[858],"tags":[859],"class_list":["post-6293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","tag-estate-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Use a Trust to Avoid Estate Taxes | Estate Planning - MMG Resources<\/title>\n<meta name=\"description\" content=\"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Use a Trust to Avoid Estate Taxes | Estate Planning\" \/>\n<meta property=\"og:description\" content=\"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"MMG Resources\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-02T07:00:32+00:00\" \/>\n<meta name=\"author\" content=\"MediaBeast\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MediaBeast\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/\"},\"author\":{\"name\":\"MediaBeast\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"headline\":\"Use a Trust to Avoid Estate Taxes | Estate Planning\",\"datePublished\":\"2015-11-02T07:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/\"},\"wordCount\":405,\"image\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"estate planning\"],\"articleSection\":[\"Estate Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/\",\"name\":\"Use a Trust to Avoid Estate Taxes | Estate Planning - MMG Resources\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-11-02T07:00:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"description\":\"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/use-a-trust-to-avoid-estate-taxes-estate-planning\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Use a Trust to Avoid Estate Taxes | Estate Planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\",\"name\":\"MMG Resources\",\"description\":\"Company Portal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\",\"name\":\"MediaBeast\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm\",\"url\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm\",\"contentUrl\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm\",\"caption\":\"MediaBeast\"},\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/author\\\/mediabeast\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Use a Trust to Avoid Estate Taxes | Estate Planning - MMG Resources","description":"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/","og_locale":"en_US","og_type":"article","og_title":"Use a Trust to Avoid Estate Taxes | Estate Planning","og_description":"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.","og_url":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/","og_site_name":"MMG Resources","article_published_time":"2015-11-02T07:00:32+00:00","author":"MediaBeast","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MediaBeast","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#article","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/"},"author":{"name":"MediaBeast","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"headline":"Use a Trust to Avoid Estate Taxes | Estate Planning","datePublished":"2015-11-02T07:00:32+00:00","mainEntityOfPage":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/"},"wordCount":405,"image":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#primaryimage"},"thumbnailUrl":"","keywords":["estate planning"],"articleSection":["Estate Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/","url":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/","name":"Use a Trust to Avoid Estate Taxes | Estate Planning - MMG Resources","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/#website"},"primaryImageOfPage":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#primaryimage"},"image":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-11-02T07:00:32+00:00","author":{"@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"description":"If you need an estate planning attorney, Young Wooldridge, LLP can help! Schedule a confidential consultation today by calling 661-855-4886.","breadcrumb":{"@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/themediabeast.com\/resources\/use-a-trust-to-avoid-estate-taxes-estate-planning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/themediabeast.com\/resources\/"},{"@type":"ListItem","position":2,"name":"Use a Trust to Avoid Estate Taxes | Estate Planning"}]},{"@type":"WebSite","@id":"https:\/\/themediabeast.com\/resources\/#website","url":"https:\/\/themediabeast.com\/resources\/","name":"MMG Resources","description":"Company Portal","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/themediabeast.com\/resources\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287","name":"MediaBeast","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm","url":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm","contentUrl":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&#038;r=g&#038;d=mm","caption":"MediaBeast"},"url":"https:\/\/themediabeast.com\/resources\/author\/mediabeast\/"}]}},"_links":{"self":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/6293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/comments?post=6293"}],"version-history":[{"count":0,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/6293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/media?parent=6293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/categories?post=6293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/tags?post=6293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}