@taxfreemike: In 2025 the #estatetax exemption is sunsetting. That means if you have a net worth over $7 million by time you pass away, you'll have to pay. It's a hefty price tag too. So what do you do if you're wealthy and want to pass on your financial empire to your family without taxation? You need a trust and #cashvaluelifeinsurance Both trusts and #lifeinsurance allow you to pass on business interests, real estate, company stock, etc, #taxfree to your family. Follow me to learn more about how life insurance can create tax free #generationalwealth

TaxFreeMike

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Monday 06 May 2024 14:35:08 GMT