One of the most effective estate-tax-saving techniques is also one of the simplest and most convenient: making maximum use of the annual gift tax exclusion.
For international travel, it’s important to have a money plan and make sure you and your bank are on the same page — or continent — with your travel plans.
Even if you aren’t subject to federal estate tax, there may be taxes levied on your estate by your state. A carefully worded apportionment clause could help!
Our expert gives a rundown on the best times to update the beneficiaries on all your assets and illustrates the importance of adding backup beneficiaries.
