Isn’t tax planning for rich people?


While the wealthy do need tax planning, a good estate plan can offer tax planning advantages to everyone. Wealthy individuals may need to be concerned about estate taxes, but your beneficiaries will most likely have to address income and real property gains taxes. A properly designed and executed estate plan can both reduce those taxes and defer them to a later date. This serves to pass on more of your property to your loved ones rather than the government.


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