Chapter 15
Tackling the Federal Estate Tax When You Have Too Much Money
IN THIS CHAPTER
Discovering the essentials about the federal estate tax
Listing and totaling your assets
Trimming your estate taxes and understanding deductions
Considering family estate planning strategies
Adding life insurance as part of your estate plan
Circumventing the generation-skipping transfer tax
Having too much money is a pleasant problem to have but nevertheless a problem. When you’ve been successful or fortunate and accumulated a valuable estate, a potentially large estate tax bill stands between your heirs and the wealth. And while most estates are exempt from the estate tax, taxes can take a big piece of those estates subject to the estate tax. At times, businesses, real estate, and other valuable assets are sold to pay taxes. Family fortunes have been dissipated by estate taxes.
Fortunately, the ...
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