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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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February 3, 2010 Here’s How to Avoid a Big Estate Tax Trap Many Others Fall IntoBy Irv Blackman, CPA What is the estate tax trap that most high net worth individuals, usually business owners, fall into? A traditional estate plan. A TEP is the plan that most advisors use for a married couple. A TEP uses a rather simple will, called a “pour-over will” and an irrevocable trust. The will gathers any assets not in the trust when you die and pours these assets into the trust... Subscribers have free access to the archives. Click here. |
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