What Can Taxpayers Do to Cause Assets in Trusts They’ve Created to Be Included Back in Their Gross Estates? And If They Can, Does that Make Sense?

This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter Archive Message #3249.

The new tax laws and the permanent high estate tax exemption may have changed the calculus of what should be done with respect to existing irrevocable trusts. But the wide range of factors affecting what might be done, and the many options (and variations of each option) that might be used to effectuate a desired plan, all make this analysis and process riskier and more complex. Remember the old adage ‘measure twice, cut once.’ Plan carefully before pulling the trust termination (or other steps) trigger.

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