Estate Planning

One of the best but sometimes least used estate planning technique is the annual gift tax exclusion. Under the provisions of this exclusion you may gift up to $13,000 per individual per year tax free (or $26,000 if married filing jointly.)

Be sure to keep the beneficiary on life insurance policies up to date. If the beneficiary has deceased, proceeds from the life insurance will go into your estate and may result in the payment of estate taxes

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