Portability can work well in some situations. But, there are many reasons setting up a credit shelter trust instead might be better in some situations. This article by my colleague and friend Steve Hartnett, an expert in estate planning, examines several reasons a credit shelter trust may result in a better outcome for the client. Read on to learn more.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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