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How To Reduce Death Taxes With Estate Planning
Attorneys

How To Reduce Death Taxes With Estate Planning

Estate taxes in the USA are levied on valuations above $11.4 Million as per laws modified in 2019. This implies that most estates are not under estate tax purview. Estate planning is still an integral part of your financial planning endeavors. On the flip side, death taxes or inheritance taxes do apply. The assets that your legal heirs inherit are taxed on the basis of the valuation of the same. The beneficiary is liable to pay the tax. You can actually make provisions to pay this amount in your will itself. The aim of creating a plan is to maximize the inheritance for your family. Your hard earned money needs to be kept insulated. You can actually save thousands in

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Why Estate Planning is Important
Attorneys

What is Estate Planning?

Estate Planning is planning for the future today. It is your ability to take control of future decisions and empower others to assist you with them. It is the ability to choose who will receive your assets when you are no longer around. It is your way to safeguard and plan for your loved ones ahead of time. Everyone needs a plan this is your chance to create yours! In simple language, Estate planning is all about making plans for unforeseen circumstances during life and the transfer of your estate/property/money after your death. You must know that your estate doesn’t just include real estate, it also includes everything you have amassed during life. It can include cash, furniture, clothes, jewelry,

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Estate Planning Strategy In The Digital World
Attorneys

Estate Planning Strategy In The Digital World

The modern world has turned many old estate planning theories upside down. The digitally-enabled world has many new assets that are available online. You are most likely the owner of a veritable trove of digital assets that you don’t even think of as assets. There are websites, domain names, e-photos, social media accounts, and even blogs. These are capable of being memories or even translate to income. How Are digital Assets Important To Estate Planning The internet age has made all records electronic. The age of paper records is slowly diminishing and there are now all statements of storage of financial dealings on the computer. The eco-friendly paperless ethic is permeating many homes in the USA. Even most of the

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