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How to Reduce Or Eliminate Your Estate Tax
I bet you probably didn't know that your heirs might have to liquidate ( sell off ) your home or commercial/residential rental properties immediately after your death. This is unless you create an Irrevocable Life Insurance Trust or ILIT.
Trusts
Another way to manage your property is through a device known as a
"trust."
Living Trusts
A living trust may have many purposes. A common goal is to avoid probate.
Living Trusts Offers: How to Make Sure They're Trust-worthy
Misinformation and misunderstanding about estate taxes and the length or complexity of probate provide the perfect cover for scam artists.
Estates and Trusts: An Overview
Many trusts are created as an alternative to or in conjunction with a will and other elements of estate planning.
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