Understanding “How to Avoid the Death Tax”
The death tax, also known as the estate tax, is a tax levied on the transfer of property from a deceased person’s estate to their heirs or beneficiaries. It is a complex and often misunderstood topic, but with careful planning, it is possible to minimize or even avoid the death tax. There are several strategies that can be employed, such as utilizing trusts, making lifetime gifts, and taking advantage of available deductions and exemptions.