My son is very high functioning autistic, does he need a trust so he won't pay inheritance taxes on the cash he gets from my POD bank account for which he is listed as designee?

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Does my very high functioning autistic son need a trust so he won't pay inheritance taxes on my cash money Paid On Death to him from my bank accounts?

Asked 11/6/2009 under Wills, Trusts, Probate | 166 View(s) | More Legal Topics

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Wills, Trusts, Probate Law Answers

If you aren't rich enough that you wouldn't think of asking for an answer here, rather than putting in a call to the attorney you have on retainer or who has a history of handling your legal matters for the past few years, then you don't have to worry about federal inheritance taxes.  If your gross estate is under $3,500,000, no estate tax return is even required.  Don't worry about California, because the state no longer has an estate tax.

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