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.
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