There are many ways to reduce your estate liabilities. You work hard to earn a living, save for retirement, and own property. It is important to know what your estate liabilities are in relation to: capital gains, mortgage debt, car loans, unpaid taxes, and business-related liabilities. Consider reducing these liabilities:
Reduce the impact of income taxes. Here are some methods to reduce taxes due upon your death:
Reduce probate fees. Probate fees will be based on the value of assets administered through your will. Here are some ways to reduce probate fees:
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