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Minimizing Taxes with Estate Planning

| August 01, 2022

A comprehensive estate plan can ensure your wealth is transferred according to your wishes, and it helps manage your estate tax bill. There are many issues to consider when putting together or updating your estate plan, so I’ll be sharing some of the most important here. You will walk away from this episode knowing where to start, who to go to, and how to pursue an effective estate plan.

Gifting is just one of the important areas that will help you share your wealth, so I will explain how to go about doing this. I also talk about marriage deductions, charitable deductions, trusts, and other important estate planning tools that can really make a difference to your tax bill.

Listen To The Episode Here:

What You’ll Learn:

  • How giving annually can reduce your taxes.
  • Different ways to save and gift.
  • What things are excluded from gift tax.
  • Marriage deductions and how they work.
  • How to use charitable deductions properly.
  • The value of trusts.

Ideas Worth Sharing:

“According to tax law, individuals can leave their heirs up to $12.6 million without federal estate tax liability.” - Regina McCann Hess

“Gifts to charity are generally not susceptible to gift taxes.” - Regina McCann Hess

“An irrevocable trust is a valuable estate planning tool that may produce substantial estate tax savings.” - Regina McCann Hess


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