COVID-19 Update: Beaird Harris has shifted a significant number of our team members to work remotely.
We continue to serve and care for our clients, just as we always have, and are available by phone, video or email.
Beaird Harris is closed on Thursday, February 24th due to inclement weather.
During this time our team will be fully available via phone or email should you need assistance.
Beaird Harris will be closed on Friday, July 3rd in observance of the Independence Day holiday.
There are many legal reasons why you would want to create a trust, including to avoid the probate process and setting rules for how you want certain assets and/or money to be used.
But when creating a trust, you also need to consider how the money and assets inside the trust will be taxed. Here are some suggestions for effectively dealing with the tax liability created by a trust:
These are just several of the ways you can minimize your trust and estate’s income tax liability. Please call if you have any questions about setting up a trust or how to effectively work with an existing trust.
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