Maybe you ran a ranch for most of your life and have hundreds of acres of land and thousands of animals that you will leave to a loved one. Perhaps you have valuable real estate holdings, substantial personal investments or a business.
Being able to leave highly valuable property to your loved ones can be a source of comfort and security for those people as they grieve after you die and a source of pride for you in your golden years. Unfortunately, the more valuable your property, the more likely it is that your family and loved ones won’t receive the full value of those assets unless you plan carefully.
Estate taxes impact how much you leave behind and can drastically diminish the value of your estate if you don’t plan for them ahead of time.
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