Any person(s) that has:
1) a highly appreciated (or depreciated) asset(s),
2) worth at least $200,000 that will be subject to capital gains tax if sold.
3) Usually the asset is real estate, a business, or stocks but could be almost any asset of value.
4) Selling the asset and reinvesting the income would bring greater annual income but the owners are hesitant because of the capital gains tax.
If you have any questions about if a tax-exempt trust is right for you, please give us a call. Premier Administration can help you plan for most any circumstance.