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Why do people use trusts for estate planning?

Por: MarketWatch Politics August 26, 2023

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Dear Eddie, You are correct that the marginal tax brackets applicable to trusts make the taxes payable much higher than that for people. For instance, for a single taxpayer to pay taxes at the highest marginal federal rate of 37%, she would need to have taxable income in excess of $578,125. A trust need only have more than $14,450 to reach that rate. I am not a lawyer and do not give legal advice. What I can do is give you a simplified... + full article



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