21st Nov 2012
However there are several other types of trusts which are created to avoid or reduce taxes. Some examples of this include a disclaimer, or an A/B and charitable trust. These are all specifically designed for such a purpose. Still, each of these trusts utilizes beneficiaries that are considered allowable deductions for estate tax purposes. Take into consideration a person who has a $100M estate passes away, they can devise their estate to go entirely to charity and their estate will not have any estate tax liability.