What creative ways are you drafting for clients with net assets well over the lifetime exemption?

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those are nearly all my clients, so... the same? some interesting issues do arise when a client is between our state and federal thresholds. NY has some quite silly provisions in its estate tax laws.

It's still never quite as interesting as being too too rich, but I have seen smaller clients in the onerous position of being better off with less money at death, or higher administrative expenses, because NY imposes a >100% marginal rate on taxable estates in a narrow band between ~half the current federal level, and 5% more than that.

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There is the $15k annual exemption in Florida, but then the rest should go towards lifetime estate, yeah.

so I guess an answer to your question about creative drafting is that we often do parallel Wills for couples that include credit shelter trusts drafted to be funded with the maximum amount that could pass without creating federal or state estate/inheritance/etc taxes. but I'm pretty sure this is standard in our state, and has been for as long as the federal and state exemption amounts were out of sync in NY

Sounds like a life coach.

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