Today we are going to expand on those ideas to take a look at some more specific strategies or planning options that might allow you to reduce, and potentially even eliminate, any estate or inheritance tax issues you might be facing. As we mentioned previously, most people who create estate plans in Kansas and Oklahoma will not have to worry about any potential inheritance tax issues because Kansas, Oklahoma, and the federal government do not impose these taxes. Instead, our discussion today will focus on the federal estate tax because that is the single most important tax issue facing people creating an estate plan. Nevertheless, you always need to talk to your attorney about potential inheritance tax issues that might apply to you if you own property or inherit property located in other states.
Topics covered in this report include:
- Irrevocable Trusts
- Beyond Simple Plans
- Founding Attorney, Larry Parman, Shares a Personal and Insightful Message about the Coronavirus Situation and How the Firm is Handling It (click on the video below) - March 27, 2020
- Understanding Estate Planning – Developing a Fair Inheritance Plan - March 26, 2020
- Use Trust Protectors for Added Protection and Flexibility - March 25, 2020