Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
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Testamentary <strong>Trusts</strong> (Cont’d)<br />
• Income tax sav<strong>in</strong>gs far outweigh the<br />
probate tax over time<br />
• Testamentary trust can take advantage <strong>of</strong><br />
the graduated tax rates <strong>in</strong> the Income Tax<br />
Act<br />
• Different than an <strong>in</strong>ter vivos trust which<br />
pays tax at the highest marg<strong>in</strong>al rate