How to Get the Most Out of the Increasing Estate Tax Exemption
/Estate taxes must be paid when you die if the net value of your estate (assets less debts) is more than the amount exempt from taxes at that time.
Read MoreMake Gifts to Reduce Your Estate
/One thing you can do to save estate taxes, whether you are married or single, is start giving away some of your assets now to the people or organizations who will eventually receive them after you die.
Read MoreWho Should Be the Beneficiary of Your IRA?
/How would you like to turn your modest tax-deferred account into millions for your family? Depending on whom you name as beneficiary, you can keep this money growing tax-deferred for not only your and your spouse's lifetimes, but also for your children's or grandchildren's lifetimes. That can turn even a modest inheritance into millions.
Read MoreLife Insurance Trusts
/An irrevocable life insurance trust lets you reduce or even eliminate estate taxes, so more of your estate can go to your loved ones. It also gives you more control over your insurance policies and the money that is paid from them.
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