Bloomberg Quotes Baker on Wealth Transfer Planning

Rich Passing Up $10 Million Opportunity to Gift Tax-Free
Margaret Collins
Bloomberg, July 13, 2012

Scott Baker explained that, in much of wealth transfer planning, “the goal is to have the appreciation take place within the trust, or conversely, outside of one’s taxable estate.” The article noted that people are designating trustees in states such as New Hampshire because those states allows perpetual trusts and the trust assets potentially can appreciate forever without triggering federal gift, estate, or generation-skipping transfer taxes.

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