Advanced Estate Tax Planning Strategies
On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Planner & Estate Attorney Brian Standing to discuss advanced estate tax planning strategies.
Here are some key takeaways from their conversation:
- Estate tax laws are set to sunset in the next year and a half, potentially reducing the exemption amount from over $13 million to $7 million per person.
- High net worth individuals with estates over $26 million (married) or $13 million (single) should consider advanced estate tax planning to avoid higher taxes.
- Irrevocable Life Insurance Trusts (ILIT) help…
The skinny
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