Estate planning and tax considerations video

03.28.14 Back to video

Estate planning and tax considerations – Video Transcript

Sally Mullen     
Chief Fiduciary Officer of The Private Client Reserve of U.S. Bank 

Clients are often concerned about the tax implications of estate planning.  While many clients understand that the federal exemption is at historic highs, they may not fully understand the State laws in their state of residence.  In fact in many states inheritance taxes have not kept pace with the federal tax exemption and are much lower than the federal tax exemption.  It’s very important to understand these distinctions in your estate plan because you want to minimize taxes if possible so you can pass more to the next generation.  We recommend that you consult with your estate planning attorney, your trusted CPA, or your wealth management advisor so that you understand the laws in your state better.



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This information represents the opinion of U.S. Bank and is not intended to be a forecast of future events, a guarantee of future results or investment advice. It is not intended to provide specific advice or to be construed as an offering of securities or recommendation to invest. Investors should consult their investment professional for advice and information concerning their particular financial situation.

U.S. Bank and its representatives do not provide tax or legal advice. Each individual’s tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.
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