Why Effective Estate Planning Shouldn’t be a “Taxing” Exercise

As Benjamin Franklin reportedly said, “nothing can be certain except for death and taxes”.

In this video podcast, VCM Wealth Advisor and Partner Ilya Zlotnik interviews Lindsey Markus, Estate Planning and Asset Protection Attorney at Chuhak & Tecson, P.C., on the topic of strategic estate planning, and how investors can protect their assets from unexpected tax liabilities, ensuring the future financial well-being of their beneficiaries.

They cover the benefits of the state specific tax strategies, the phenomenon of “use-it-or-lose-it”, and why life insurance is a key component to estate planning.  Some key points covered include:

  • Understanding complex strategies to protect against high federal and state taxes;
  • The changing tax landscape and anticipated changes in the law;
  • The importance of GST exemptions; and
  • Spousal-access lifetime trusts or “SLATS”.

Click on the video to learn more.