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But you can closely control many other elements of the ILIT steveblisslaw com (951) 223-7000 Trust Lawyer But bear in mind that with the estate tax rate presently at 40% and the leading capital gains rate presently at 20%,the capital gains impact may be substantially less than the estate tax impact.
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Along with individuals being added to a will you should also remember that we are not never-ceasing which could mean that a named recipient is no longer around when a will is executed.
In these states even if you call your partner in a will and do not leave the spouse anything or set up a revocable living trust and leave the spouse out of it does not necessarily suggest the partner will not get any of the estate house.