To minimize estate taxes, investors often transfer assets to an irrevocable trust. Assets transferred grow outside of the donor’s taxable estate, and thus pass to heirs entirely free of estate tax. But investment earnings in an irrevocable trust are subject to income tax at the highest tax rate. And that maximum tax rate has risen substantially in recent years. This white paper discusses how investors may reduce income taxes imposed on an irrevocable trust while still using the trust to reduce estate and gift taxes due . . .
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GOP pulls the ACA repeal bill prior to vote. Could cast a pall on broader GOP legislative agenda. ow.ly/sfns30aeI8v
About 16 hours ago from TheWashingtonUpdate's Twitter via Hootsuite
Dem Minority Ldr Schumer says he cannot support Gorsuch 4 SCOTUS. May set up big challenge 4 McConnell, go nuclear? ow.ly/fp2M30adK51
Yesterday from TheWashingtonUpdate's Twitter via Hootsuite
As we predicted- If GOP is unable to deliver on legislative promises, volatility will rise in the marketplace. ow.ly/BVtK30a9nZt
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
GOP reinvests CBO savings to solicit addtl GOP support 4 ACA R&R bill. Vote is Thursday.
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Supreme Court is president's most lasting imprint on US history. Trump's begins today.
About 5 days ago from TheWashingtonUpdate's Twitter via Hootsuite