There can be multiple benefits. In the last 20 years, I think in particular, they’ve been used largely as an estate tax tool to reduce taxes. But they also can consolidate management of family businesses or family investment portfolios. But the primary reason often times is a way to transfer assets to the next generation at a reduced state tax.
Palm Beach Gardens office:
2979 PGA Boulevard #201,
Palm Beach Gardens, FL 33410
All Rights Reserved.
This website is managed by Oamii.