End-of-life tax-ducking techniques can cut
income taxes as well as federal estate and state estate and inheritance taxes.
It’s never too late to take
charge of your assets and the inheritances you plan to leave. For that matter,
it’s never too late to properly plan for death tax burdens.
Forbes recently addressed this matter in an article titled “Deathbed Tax Dodges: Take These Steps Now To
Save Later,” identifying certain fundamental tax moves to make even at
The article highlights three
basic steps: (1) ensure that your spouse has been granted your power of
attorney, (2) create separate investment accounts for you and your spouse, and
(3) remember the annually-renewing power of gifts to beneficiaries other than
The article describes how these
steps work together to maximize your estate tax savings, as well as reduce the
size of your estate subject to such taxes. That said, to take full advantage of
these steps, contact Meier Law Firm.
(August 27, 2012) “Deathbed Tax Dodges: Take These Steps Now To