Planning for Larger Estates
In 2009, each individual can pass an estate of $3.5 million free of estate tax. If your estate is larger than this, you will need specialized planning to minimize estate taxes. Our firm can work with your other financial advisors to devise the best plan for you. Your plan may include an irrevocable life insurance trust, a qualified personal residence trust or a family limited partnership.
You may also find that you can fulfill your charitable giving goals while, at the same time, reducing estate taxes at your death. A charitable remainder trust, or a charitable lead trust may be appropriate for you.
The estate tax laws may be changing in 2009. Our website and newsletters will have information on the latest developments.
