More examples in Estate Planning/Tax Planning
Estate Tax Planning for Couples Example
SmartDraw includes thousands of professional-looking diagrams like this that you can easily edit and make your own.
Text in this example:
Estate Tax Planning for Couples
First Death No tax upon death of 1st spouse to die
Second Death Revocable Living Trust Exclusion Trust Marital Trust Survivor's Trust Residuary Beneficiaries One trust, which settlers can amend or revoke Survivor's assets.
Survivor may amend or revoke Applicable Exclusion Amount Applicable Exclusion
2002-2003=$1,000.000
2004-2005=$1,500.000
2006-2008=$2,000.000
2009=$3,500.000
2010=unlimited
2011 & Later=$1,000.000
First Death No tax upon death of 1st spouse to die
Second Death Revocable Living Trust Exclusion Trust Marital Trust Survivor's Trust Residuary Beneficiaries One trust, which settlers can amend or revoke Survivor's assets.
Survivor may amend or revoke Applicable Exclusion Amount Applicable Exclusion
2002-2003=$1,000.000
2004-2005=$1,500.000
2006-2008=$2,000.000
2009=$3,500.000
2010=unlimited
2011 & Later=$1,000.000