{"id":2937,"date":"2023-05-15T09:45:44","date_gmt":"2023-05-15T09:45:44","guid":{"rendered":"https:\/\/alcleanscarpet.site\/Weatherby\/2023\/05\/15\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/"},"modified":"2023-06-06T16:29:54","modified_gmt":"2023-06-06T16:29:54","slug":"are-trusts-still-useful-if-the-estate-tax-is-repealed","status":"publish","type":"post","link":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/","title":{"rendered":"Are Trusts Still Useful If the Estate Tax Is Repealed?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" style=\"float: right; height: 100px; margin-left: 10px; margin-right: 10px; width: 150px;\" src=\"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg\" alt=\"Are Trusts Still Useful If the Estate Tax Is Repealed?\" width=\"724\" height=\"483\" \/>With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax. \u00a0In\u00a02017 the tax affects only estates over $5.49 million, meaning that for more than 99 percent of Americans, it&#8217;s already been repealed. \u00a0With no estate tax, do you still need a trust? While trusts can be used to shelter assets from the estate tax, trusts have many other valuable estate planning uses.<\/p>\n<p>A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a &#8220;trustee,&#8221; holds legal title to property for another person, called a &#8220;beneficiary.&#8221; The following are some of the benefits of trusts.<\/p>\n<ul>\n<li><strong>Avoiding Probate.<\/strong> One of the biggest benefits of a trust is avoiding the probate process. Probate is the process of administering and settling an estate after someone dies. It can be a costly and time-consuming process. Even with small estates, beneficiaries may not have access to estate funds until a will is filed and an executor appointed. A trust gives beneficiaries immediate access to trust funds. If you have property in multiple jurisdictions, a trust can be especially beneficial in avoiding more than one probate proceeding. Also, probate is a public process\u2014anyone can access court records&#8211;while assets distributed in a trust are private.<\/li>\n<li><strong>Protection for Disability<\/strong>. Another benefit of a trust is to provide protection if you become disabled. If you become incapacitated, the trustee can manage your finances without the need to go to court and get a conservatorship or guardianship.<\/li>\n<li><strong>Control<\/strong>. A trust allows you to specifically detail how you want to distribute your assets. For example, you can choose to dole out benefits in small amounts if you don&#8217;t want your beneficiaries to receive all your assets at one time. You can also direct how funds in the trust can be spent on a beneficiary. If you have property, the trust can specify who has the right to use the property, whether it can be sold, and how proceeds should be distributed.<\/li>\n<li><strong>Protection from Creditors<\/strong>. Certain types of trusts can be set up to protect beneficiaries from creditors. A properly structured trust can ensure that creditors cannot reach trust funds. This can be helpful if, for example, your intended beneficiary divorces or is the target of a lawsuit.<\/li>\n<li><strong>Providing for a Child with Special Needs<\/strong>. If you have a child with special needs, a trust is particularly important. A special needs trust allows a beneficiary with special needs to receive inheritances, gifts, lawsuit settlements, or other funds without losing his or eligibility for government programs.<\/li>\n<\/ul>\n<p>Trusts are just one possible part of an estate plan. To know if a trust is right for you, consult with your attorney.<\/p>\n<p>https:\/\/weatherby-associates.com\/are-trusts-still-useful-if-the-estate-tax-is-repealed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax. \u00a0In\u00a02017 the tax affects only estates over $5.49 million, meaning that for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2937","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are Trusts Still Useful If the Estate Tax Is Repealed?<\/title>\n<meta name=\"description\" content=\"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are Trusts Still Useful If the Estate Tax Is Repealed?\" \/>\n<meta property=\"og:description\" content=\"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/\" \/>\n<meta property=\"og:site_name\" content=\"Weatherby Website\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T09:45:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-06T16:29:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/#\\\/schema\\\/person\\\/30db443038bd3749d4a9df1d359b451a\"},\"headline\":\"Are Trusts Still Useful If the Estate Tax Is Repealed?\",\"datePublished\":\"2023-05-15T09:45:44+00:00\",\"dateModified\":\"2023-06-06T16:29:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/\"},\"wordCount\":469,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/16144-Estate-tax.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/\",\"url\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/\",\"name\":\"Are Trusts Still Useful If the Estate Tax Is Repealed?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/16144-Estate-tax.jpg\",\"datePublished\":\"2023-05-15T09:45:44+00:00\",\"dateModified\":\"2023-06-06T16:29:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/#\\\/schema\\\/person\\\/30db443038bd3749d4a9df1d359b451a\"},\"description\":\"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#primaryimage\",\"url\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/16144-Estate-tax.jpg\",\"contentUrl\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/16144-Estate-tax.jpg\",\"width\":724,\"height\":483,\"caption\":\"Close up of estate tax return\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/are-trusts-still-useful-if-the-estate-tax-is-repealed\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are Trusts Still Useful If the Estate Tax Is Repealed?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/#website\",\"url\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/\",\"name\":\"Weatherby Website\",\"description\":\"My Weatherby Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/#\\\/schema\\\/person\\\/30db443038bd3749d4a9df1d359b451a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\"],\"url\":\"https:\\\/\\\/alcleanscarpet.site\\\/Weatherby\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are Trusts Still Useful If the Estate Tax Is Repealed?","description":"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/","og_locale":"en_US","og_type":"article","og_title":"Are Trusts Still Useful If the Estate Tax Is Repealed?","og_description":"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.","og_url":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/","og_site_name":"Weatherby Website","article_published_time":"2023-05-15T09:45:44+00:00","article_modified_time":"2023-06-06T16:29:54+00:00","og_image":[{"url":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#article","isPartOf":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/"},"author":{"name":"admin","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/#\/schema\/person\/30db443038bd3749d4a9df1d359b451a"},"headline":"Are Trusts Still Useful If the Estate Tax Is Repealed?","datePublished":"2023-05-15T09:45:44+00:00","dateModified":"2023-06-06T16:29:54+00:00","mainEntityOfPage":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/"},"wordCount":469,"commentCount":0,"image":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#primaryimage"},"thumbnailUrl":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/","url":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/","name":"Are Trusts Still Useful If the Estate Tax Is Repealed?","isPartOf":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#primaryimage"},"image":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#primaryimage"},"thumbnailUrl":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg","datePublished":"2023-05-15T09:45:44+00:00","dateModified":"2023-06-06T16:29:54+00:00","author":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/#\/schema\/person\/30db443038bd3749d4a9df1d359b451a"},"description":"With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.","breadcrumb":{"@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#primaryimage","url":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg","contentUrl":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-content\/uploads\/2023\/05\/16144-Estate-tax.jpg","width":724,"height":483,"caption":"Close up of estate tax return"},{"@type":"BreadcrumbList","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/are-trusts-still-useful-if-the-estate-tax-is-repealed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alcleanscarpet.site\/Weatherby\/"},{"@type":"ListItem","position":2,"name":"Are Trusts Still Useful If the Estate Tax Is Repealed?"}]},{"@type":"WebSite","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/#website","url":"https:\/\/alcleanscarpet.site\/Weatherby\/","name":"Weatherby Website","description":"My Weatherby Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alcleanscarpet.site\/Weatherby\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/alcleanscarpet.site\/Weatherby\/#\/schema\/person\/30db443038bd3749d4a9df1d359b451a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/109719b14196238d15de64df04c47b299f9b4587d9c8248140fd4222e9dba812?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/alcleanscarpet.site\/Weatherby"],"url":"https:\/\/alcleanscarpet.site\/Weatherby\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/posts\/2937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/comments?post=2937"}],"version-history":[{"count":1,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/posts\/2937\/revisions"}],"predecessor-version":[{"id":3357,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/posts\/2937\/revisions\/3357"}],"wp:attachment":[{"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/media?parent=2937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/categories?post=2937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alcleanscarpet.site\/Weatherby\/wp-json\/wp\/v2\/tags?post=2937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}