What Is The Death Tax Can I Minimize The Effect Of The Death Tax Through Estate Planning
The term death tax usually refers to estate tax or taxes assessed in connection with transferring wealth at death. Federal estate tax exposure depends on the size of the estate and current law. Estate planning may use lifetime gifts, trusts, charitable strategies, and ownership planning to help reduce tax impact where appropriate.
Video Transcript
Question: What Is The Death Tax Can I Minimize The Effect Of The Death Tax Through Estate Planning?
Answer: The term death tax usually refers to estate tax or taxes assessed in connection with transferring wealth at death. Federal estate tax exposure depends on the size of the estate and current law. Estate planning may use lifetime gifts, trusts, charitable strategies, and ownership planning to help reduce tax impact where appropriate.
This information is provided for general educational purposes for individuals and families considering estate planning, trust planning, incapacity planning, or probate matters in Boca Raton and throughout Florida. Every family situation is different, so legal documents should be reviewed with a qualified Florida estate planning attorney before relying on any general information.
What Is The Death Tax Can I Minimize The Effect Of The Death Tax Through Estate Planning?
The term death tax usually refers to estate tax or taxes assessed in connection with transferring wealth at death. Federal estate tax exposure depends on the size of the estate and current law. Estate planning may use lifetime gifts, trusts, charitable strategies, and ownership planning to help reduce tax impact where appropriate.
For help applying this information to your own estate plan, contact Cohen Samuels, PLLC in Boca Raton at (561) 600-1250.
