There are other estate planning devices which can result in the lowering of death taxes in your estate. Any person can give away $14,000(2017) of his or her property per year to anyone without tax. A husband and wife can give away $28,000 per year. For example, a husband and wife can give $14,000 each to their two children, Aunt Jean, and Uncle Tom for a total of $112,000 per year. Also, you can make gifts to charity such as churches or nonprofit organizations. Owners of a small business can use special techniques to reduce death taxes attributable to their small business.
Other Estate Planning Devices
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