Conversation

I’m diversifying my practice and moving into doing more trusts and estate planning. I just refreshed my knowledge of A/B Trusts and feel gross. Basically, they are a tool to avoid (primarily) estate taxes.

Btw, the 2025 exemption amount—the amount in an estate that is NOT subject to estate taxes—is $13.99M* for an individual. IOW you don’t even have to begin to think about those taxes until that number is hit (*including gifts made during life).

The rich are rich for a systemic reason.