Many people think of estate taxes as a problem just for rich
people. But even with favorable legislation last year, even
ordinary people need to pay attention to estate taxes.
In the following video, Dan Caplinger, The Motley Fool's
director of investment planning, explains why ordinary people
should pay attention to estate taxes. Dan notes that even with
exclusion amounts of $5.25 million, the inclusion of certain
property can make taxable estates balloon higher than many people
think. In particular, Dan gives the example of life insurance,
with many people not taking advantage of the willingness of
, and other insurance companies to use life-insurance trusts to
avoid potential estate-tax ramifications. Dan concludes with
discussion of different state laws on estate taxes, pointing out
that many states have much lower amounts above which estate taxes
might be due.
Be smart about your taxes
Paying attention to estate taxes is just one way to make sure
you don't pay more to Uncle Sam than you have to. In our
brand-new special report "
How You Can Fight Back Against Higher Taxes
How You Can Fight Back Against Higher Taxes," The Motley Fool's
tax experts run through what to watch out for in doing your tax
planning this year. With its concrete advice on how to cut
taxes for decades to come, you won't want to miss out.
Click here to get your copy today -- it's absolutely free.
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