Create an Estate Plan That Helps You Save on Taxes Now

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Creating an estate plan that will reduce taxes now must consider several things. You will need to find ways to reduce your taxes now to keep more money in your pocket, and you must find ways to reduce your beneficiaries’ taxes when they receive your estate.

Many tools are available to reduce taxes, but they must be done correctly. The laws that govern estate taxes change often, so you should consult professionals along the way.

List All Your Assets

An effective estate plan needs to include everything in your estate. Assets not covered will go through probate, where they will likely become exposed to taxes and creditors.