Full Video Transcript
Estate taxes are charged against the state depending on the total dollar value amount. The tax laws apply in varying ways, depending on the value of the estate. If you have some value in your estate at the time of your death, then some fairly simple estate planning tools may help you reduce your tax liability. There are a variety of options available. For example, to minimize your tax liability you may be able to make certain gifts of your state, establish a trust to hold your assets, make contributions to charitable organizations or take other measures. Exploring life insurance and annuity options can be an effective estate planning tool as well. Since every family is different, contact an experienced estate planning attorney today to learn more about what options may be available in your situation.