Estate Planning Tax:

Everyone owns property. And you may own a small amount of property, you may own a lot of complicated things. Out-of-state vacation homes, for example, complicated trusts or other kinds of assets. Estate planning essentially is to think about how those properties should be transferred to those that you want to transfer them to, whether or not it’s your children, your grandchildren many times, and to do it in such a way that you try to avoid, not evade but avoid paying too much tax on this. What you want to do is pay the right amount of tax, if it’s applicable, or in sometimes, no tax at all. That’s what estate planning is all about.