How To Lower Your Estate Tax
There are several ways individuals (married or single) can reduce their estate tax at death. Some include but are not limited to: (i) gifting inter vivos, (ii) setting up irrevocable trusts, and (iii) donating to charitable causes. For the purposes of this article, lets look at these methods through the lens of a single person. Gifting Inter Vivos An inter vivos gift simply means a transfer of property (where there is no consideration on behalf of the person receiving the g