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Can writing a living trust reduce estate tax in Ohio?

April 26, 2017estate tax Living trust Ohio reduce writing

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Can writing a living trust reduce estate tax in Ohio?

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It depends on the kind of trust you create. A simple probate-avoidance living trust has no effect on federal estate tax. However, more complicated living trusts, such as an AB trust, can greatly reduce the federal estate tax bill for married people who own a lot of valuable assets.