- Understanding Trusts
- Qualified Personal Residence Trust
- Qualified Terminable Interest Property Trust (QTIP)
- Grantor Retained Annuity Trust
- Wealth Replacement Trust
- Charitable Remainder Trust
- Charitable Lead Trust
- Charitable Gift Annuity
- Glossary
Because you retain an income interest in the trust, the value of the interest transferred to beneficiaries is reduced – which may result in significant tax savings. Another benefit is that all future appreciation is transferred to beneficiaries without being subject to gift or estate tax. Any gift tax paid as a result of the transfer is removed from your estate, provided the GRAT is made more than three years before death.
Upon expiration of the term, the assets pass to beneficiaries free of estate tax on any appreciation. The payment of the remainder to the beneficiaries is not subject to gift or estate tax, because the tax was imposed when the trust was created.
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Securities and Insurance Products:
Not Insured By FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate |
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