How to Avoid Paying Estate Taxes! |
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billmock
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Joined: 03 Dec 2011 Location: USA Status: Offline Points: 2 |
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Topic: How to Avoid Paying Estate Taxes!Posted: 03 Dec 2011 at 7:13am |
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1 . The easiest method to avoid having to pay estate tax would be to transfer property before you die.
2. Give your spouse an interest in the property or transfer the property to your spouse outright in the will.
3. Create a trust.
4. Give the property to charity. |
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sophiegeorgia
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Joined: 06 Feb 2012 Location: TX Status: Offline Points: 11 |
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Posted: 18 Apr 2012 at 12:27pm |
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Personal Residence Trust (Irrevocable) is an excellent estate planning tool for larger estates, especially those that include a house that has appreciated significantly in value. As owner of the residence, you place your house into the personal residence trust during your lifetime, but your beneficiaries must wait a certain number of years before they will receive the house.
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