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Page 5 of 8 |
Are there techniques available to reduce or avoid estate taxes? |
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| An estate plan can take advantage of certain tax avoidance strategies for those who have accumulated some wealth; this gives more of your property to your intended beneficiaries, instead of giving it to the federal government. Some of these techniques include: gifting, family corporations, credit trusts, private annuities, family limited partnerships, irrevocable life insurance trusts, and selling appreciating assets to children. Tax planning is important and we urge you to visit our section on "Estate Planning" or an attorney in our Lawyer Directory for the methods available to minimize or avoid the Estate and Gift Tax liability. |
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