Thomas Paralegal

The Revenue Code. In the United States, trusts are often formed to save taxes. For wealthier persons, this goal of trust use is a primary motivation. Nevertheless, even individuals of more modest financial means can achieve some tax savings through the use of trusts, although tax savings should not be pursued at the expense of the other legitimate needs . Another method used by foreign estate planners to maximize tax savings is to invest in assets exempt from seizure. Certain assets are automatically protected from seizure by federal law such as pensions, clothing, books, income needed to provide for court ordered child support and many others.