Estate Tax Planning
Prepare for Potential Estate Tax Changes
Prepare for Potential Estate Tax Changes
Ensuring your wishes are honored through your estate plan requires careful consideration and planning. You have worked your whole life to build your legacy. Your estate plan secures it for generations to come.
Explore our insights from the Private Wealth Management team at Commerce Trust to ensure you are mitigating the impact of estate taxes on your wealth, you understand the elements of your taxable estate, and you are prepared for legislative changes that could reduce the value of the assets that make up your estate.
Featured Articles
The lifetime gift and estate tax exemption allows an estate to change hands tax-free up to a certain dollar amount. However, the exemption amount may soon be lowered, which means more individuals may be impacted by estate taxes as soon as 2026.
Understanding the basics of your taxable estate like what assets are included in your estate and which deductions or exemptions may lower your estate taxes are key considerations. Learn how taxable gifts impact your tax liability and strategies to help mitigate the cost.
Failing to develop a sound estate plan can lead to higher taxes, a greater burden on loved ones, and costs associated with probate. Plan for your legacy to prevent wealth transfer issues and provide for your family.
Resources
Trust Fundamentals
Role of a Trustee
A Team of Specialists Working Together For You
Led by your relationship manager, your multi-disciplinary team will collaborate to offer guidance on a wide range of wealth management needs that takes into account your holistic financial picture.
Wealth Management Consultant
Initially evaluates your situation, gathers information, presents our capabilities and assembles the in-house team.
Financial Planner
Works in coordination with your other Commerce Trust advisors to deliver objective financial planning advice and customized planning strategies to meet your needs.
Private Client Advisor
Helps you develop a financial roadmap based on your personal and family goals and is responsible for coordinating the efforts of other team members and external advisors, such as your estate planning attorney and accountant.
Portfolio Manager
Creates and monitors your investment portfolio based on your objectives and risk tolerance.
Private Banker
Aligns your banking needs with other aspects of your plan, from sophisticated financing to daily checking, savings and credit card needs.
Specialty Services Advisors
Families with significant wealth may employ the services of Commerce Family Office. Our specialty services also include expertise on complex assets such as business ownership, residential, commercial and farm real estate, oil, gas and mineral management.
- Commerce Family Office
- Family Business Planning Solutions
- Residential Real Estate Management
- Commercial Real Estate Management
- Farm Real Estate Management
- Oil, Gas and Mineral Asset Management
Related Content
How can our team help you with your estate planning needs?
Required information*