Tax Planning Before and After Death
Addressing the tax that will arise by virtue of death is a key aspect of a sound financial plan. Further, the minimization of tax after death is closely linked to planning adopted during a person’s lifetime.
This article, in the space available cannot address all the fundamental aspects of tax and estate planning. Therefore, the article will focus on the following key elements:
- Tax consequences at death
- The benefits of a freeze
- Testamentary trust planning
Many of our clients are owners of private companies. The estate planning issues that arise in a private company context are complex and will be the subject of a future article.