How to avoid the booby trap IRS may spring on you and claim a big chunk of money that should go to your family, P. 183-183. Life insurance trusts can save on taxes and ensure an income for your family. See Chapter 17. Gifts - an effective estate planning tool. Use it wisely to reduce taxes.
Private annuity can reduce taxes and generate cash flow.
See P. 266. More than federal estate tax, state inheritance taxes can put a bigger dent in your estate. See Tip No. 15 on Planning an Estate. Estate planning for real estate investor, see P. 295. Business owners and executives, see Chapter 25.