A living trust can minimize state tax.

Estate & Tax Attorney, Sonja Panajotovic, shares advice on a living trust can be used to eliminate or minimize the estate tax that a beneficiary would pay
How A Living Trust Can Minimize State Tax
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A living trust can minimize state tax.

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A living trust can eliminate or minimize the estate tax that a beneficiary would pay. However, currently the estate tax exemption is $5 million. And what that means is if an estate is under $5 million, the beneficiaries will pay no estate tax on the monies or assets that they receive. If the estate is over $5 million, then the overage the beneficiaries would pay almost, it can vary from year to year, but almost 50% of a tax in whatever the overage is above the exemption amount. So a living trust can assist in minimizing the taxes depending on what the situation is, what the financial situation is.

Estate & Tax Attorney, Sonja Panajotovic, shares advice on a living trust can be used to eliminate or minimize the estate tax that a beneficiary would pay

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Sonja Panajotovic

Estate & Tax Attorney

In 1992, Ms. Panajotovic graduated from University of Colorado, Boulder with a bachelor's degree in Business Administration/Finance and with multiple honors as a scholar/athlete (tennis) and honored as Academic All Big Eight, and Scholar Athlete of the year. She earned her law degree from the Southwestern University School of Law and graduated Cum Laude, was an Associate Editor for the Law Review, and on the Dean’s List, and began her legal career as a law clerk for Magistrate Judge Margaret A. Nagle, United States District Court, Los Angeles, and as an associate at the prestigious law firm of Brobeck Phleger & Harrison LLP.

Sonja Panajotovic’s estate planning services include the preparation of documents ranging from simple wills to advanced health care directives, asset transfers and living trusts. She also counsels many of her clients on the various types of trusts such as the marital deduction trust, special needs trusts, Q-TIP trusts, and charitable remainder trusts and helps her clients coordinate their trusts with their overall estate planning needs.

 Her probate and estate practice is also designed to provide full legal services to personal representatives of decedent's estates, trustees, and guardians/conservators for minors or incapacitated adults, including all proceedings in the probate court. She aids her clients with estate and trust administration to efficiently transfer assets from decedent's trusts or estates to intended beneficiaries at death.

Guardianship, Wills and Trusts
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