Can I implement an Estate Plan to reduce or eliminate my Estate tax obligations?

Can I implement an Estate Plan to reduce or eliminate my Estate tax obligations?

• Absolutely.
• Married couples should contemplate drafting their estate plan together to include a trust instrument to take advantage of the Federal exclusion for both parties.
• Everyone should consider strategies aimed at reducing the size of your estate by removing assets from your estate. Two common examples of removing assets from your estate during life include:
• Making annual gifts of $12,000 or less to persons or entities; and
• Placing life insurance policies into irrevocable life insurance trusts.