We can suggest a variety of ways to save on estate taxes. Here's how it might work. Though the actual value of your estate is computed only after you die, for estate planning you need to estimate the value for yourself. Because only by knowing that value can you anticipate what estate taxes will be due when you die. Figuring the value of what you own can be tricky.
Life insurance is another often overlooked asset.
Remember that the full death benefit value of your life insurance counts toward your estate. Thinking about death, accident or illness is never pleasant. However, if something does happen, that is not the time for family members to be forced into making important decisions, or to be burdened with excessive administrative details. Planning ahead is much more efficient, inexpensive and thoughtful than burdening a family during in grief. Fill out the worksheet in this website.