[WASHINGTON] BILL and Hillary Clinton have long supported an estate tax to prevent the US from being dominated by inherited wealth. That does not mean that they want to pay it. To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top one per cent of US households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 per cent of assets upon death.
The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.
Among the tax advantages of such trusts is that any appreciation...
Keyword added to your list