Have you thought about leaving a legacy? How will your wealth be distributed when you die? Estate planning involves several elements such as last will and testament, power of attorney, estate trusts, deemed dispositions and much more! It’s important to be knowledgeable about the estate planning process as it can get fairly expensive.
Estate Planning
Using an Estate Freeze to Limit Your Capital Gains
Upon death, a taxpayer is deemed to have sold of all of their property at fair market value thus resulting in a tax liability. This is known as a deemed disposition. Estate freeze is an estate […]