Estate Planning
Because estate planning is not a popular topic, many people are unprepared for the reality of estate tax issues. The current estate tax exemption is $2,000,000, and while that may sound extremely large to many individuals, many others are stunned to realize that their estates easily exceed that amount when they include life insurance proceeds, retirement accounts, and their personal home. Your estate will pay 46% in taxes on everything above this $2,000,000 exemption! You must prepare for this harsh reality or your family will pay the hefty price later. Many families are forced to sell assets, usually at a greatly reduced price, to satisfy estate tax problems caused by not having a viable plan.
You cannot completely eliminate estate and inheritance taxes, but there are options to reduce the impact. Jacob Financial Partners, LLC specializes in helping clients understand the steps that can be taken to help ease the impact taxes can have on an estate. Through a variety of strategies, you can save millions of dollars that will be preserved and enjoyed by your family.
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