In our last post, we considered how swap powers were a strategic way to minimize tax liabilities on assets in trusts. Recall that swap powers grant the right to substitute—or swap—property of equal value in a trust. This adjusts the cost basis of the property to the FMV at the time of death.
Leveraging Swap Powers to Reduce Tax Liability: Part II
By WealthCounsel Education Staff on Nov 21, 2016 7:00:00 AM
Is the Chaos at Your Estate Planning Firm Caused by Bad People… or Bad Processes, Systems and Policies?
By WealthCounsel Education Staff on Nov 17, 2016 1:08:08 PM

Clients come to your estate planning firm craving guidance and clarity. They want to protect their legacies, put their affairs in logical order and ensure their beneficiaries’ future. In other words, they depend on you to restore their sense of stability.
Leveraging Swap Powers to Reduce Tax Liability: Part I
By WealthCounsel Education Staff on Nov 16, 2016 11:51:29 AM

Swap powers are an important but often overlooked opportunity in estate planning. Understanding what allowances swap powers provide can result in significant tax liability reductions. Attorneys working with clients to preserve assets should be aware of the potential benefits of swap powers and work them into estate planning strategies.