Personal Finance Apprentice

Estate Planning For Newbies, Part1: What It Is And Why It’s Important

A personal finance blog about using financial literacy to build a better future. It gives tips on saving, banking, and investing.



Estate Planning For Newbies, Part1: What It Is And Why It’s Important

Estate Planning For Newbies, Part1: What It Is And Why It's Important  Estate planning is nothing more than being tax-efficient, so your heirs get as much as possible. In this post we'll learn how much tax our heirs will need to pay, what the allowable deductions are, and what options are available to handle the estate tax.

With All Souls day (and Halloween) around the corner, I figured it’s not a bad time to broach a topic that starts with death. Well ok, there never is a good time but I figured I might as well be in season.

Like investing, estate planning is usually thought of as something just for rich people. But that’s not really the case.

Did you know that if you die, your surviving family will need to pay the government up to 20% of what you left them? 

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