Introducing the Power of Appointment Support Trust: An Innovative Approach to Tax Planning

For many ultra-wealthy family clients, implementing estate planning strategies to minimize income, estate, gift, and generation-skipping transfer taxes is a top concern. Recent changes to income and transfer tax laws have opened new avenues to transferring wealth. Bryan Austin discussed the use of power of appointment strategies and their tax implications and took a deeper look at the Power of Appointment Support Trust to demonstrate the income and transfer tax benefits, to the clients and their extended families.