The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/reducing-estate-taxes-13048948.aspx

Subject:  Reducing Estate Taxes Date:  8/1/2000  9:30 PM
Author:  cargeoma Number:  38335 of 121114

My father's estate is well over the $675,000 Unified Credit limit.
In order to reduce his estate someone recomended to me that since I am a trustee and am managing his finaces that I can take out a certain % of his estate for payment of managing his affairs. Is this true and if so how much can I take out as payment without doing anything illegal? If my brother is also a trustee and is helping me in this effort, can he take out a portion as well?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us