If you think the tax code is difficult to deal with when you are alive, you should see what happens when you die. The death tax is, ironically, zero percent in 2010, but it bumps up to a whopping 55 percent in 2011 and that doesnt take into account state taxes. Most people try to deal with these tax issues by pursuing estate planning, but you have to get it right to avoid problems.
Estate planning is the act of positioning your estate in a manner that will minimize or eliminate the taxes
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