Estate and gift taxes can significantly impact your financial legacy. Understanding the laws governing these taxes, including exemptions and rates, is crucial for effective estate planning. Strategies such as gifting during your lifetime or establishing trusts can help minimize tax liabilities. Consulting with an estate planning attorney can provide guidance on how to navigate these complex issues and ensure that your wishes are honored [[2]] [[4]].

Published On: September 10, 2024Categories: Estate and Gift Tax, Tax LawTags:
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