New rules complicate bypass trusts

10/3/2013 |

The rules for a bypass trusts, a common estate planning tool, have become more complex after this year's tax changes, but they also promise greater tax savings. This article talks about the elements to consider when creating and investing assets in a bypass trust, such as investment directions and powers of appointment. In order to take advantage of the "assignment of income doctrine" exception, where trust income can be assigned to the lowest income tax bracket, it's key to name the surviving spouse and all descendants.

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