Mini - Disclaimer This is an overview of the type of Trusts and not designed to give you the complete knowledge of tax benefits and your unique situation. This presentation is to familairze you with some common trusts only.
Living Trust Revocable control of assets Estate Beneficiaries Receive Assets from trust and surviving spouse Owner Transfers Assets to Trust Managed According to Owner’s Desires Estate Disposition A surviving Spouse may have use of assets Upon the death of the estate owner, assets pass easily without probate Plan may include marital deduction and remainder trusts to limit estate taxes in ultimate transfer to beneficiaries
Smith Estate $4,000,000 Spouse Receives $2,000,000 in assets Distribution Recipients Beneficiaries Receive Assets from trust and surviving spouse Marital Deduction Portion Controls all assets $2,000,000 exemption amount passes to trust Spouse receives income and support from this trust Upon surviving spouse death, assets pass estate tax free to beneficiaries Upon Death, assets pass to beneficiaries Using trust for exclusion amount limits impact of estate taxes
Let me Stray off the Subject Most common trust problem!
Fraud – Don’t have to lie!
RESPA / Reg Z / Bad HUD
Not properly formed- No res, out of order
Deceptive Business Practices
Signing of Blank Documents
Issues with ENTIRE Transaction
ALL Questions? (904) 398-9510 www.affinitylawfirm.com
Thank You! Gust G. Sarris Affinity Law Firm, P.L. Tidal Title, L.L.C. (904) 398-9510 www.affinitylawfirm.com