Tax Benefits of Advance Planning

March 15, 2022

Estate planning strategies for founders are typically focused on saving both income taxes and estate taxes. Income tax savings can be achieved by creating and funding multiple trusts with company stock that duplicate any available QSBS exemptions and by designing trusts when possible to be exempt from state and local income taxes that may otherwise apply to the founder personally. Estate tax savings can be achieved by designing trusts that are not includible in the founder’s estate at death and can benefit children or further generations without estate tax.

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