Estate Planning Secrets You Can't Afford To Miss
Tax Implications and Strategies
One of the primary goals of estate planning is to minimize the tax burden on your estate. The federal estate tax exemption is currently $12.92 million per individual as of 2023, but this amount is subject to change1. By utilizing strategies such as gifting, charitable donations, and irrevocable trusts, you can reduce the taxable value of your estate, potentially saving your heirs significant amounts in taxes.