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Estate Taxes

Full Video Transcript

Death and taxes right? Well, there’s more truth to that than you may think. Sure, you have to pay income tax, real estate tax, sales tax, other taxes. But did you know your estate also might have to pay taxes when you die? They’re aptly called estate taxes. Basically, you have to pay the government a tax on the value of your estate, after certain minimums, when you die. Sometimes beneficiaries can’t afford the taxes and certain estate assets may have to be sold to pay them. Not all the estates are valued at the levels requiring the tax, and even so, there a way to legally minimize estate taxes. For more information about estate taxes, contact estate planning attorney in your area today.

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