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Estate planning · None

8 Estate Planning Secrets You Can Borrow from the Ultra-Wealthy

Try these proven strategies from the ultra-wealthy to protect your assets, cut taxes and pass on more to your heirs.

Read the original at Kiplinger ↗

What changed

Try these proven strategies from the ultra-wealthy to protect your assets, cut taxes and pass on more to your heirs.

Planning context

Why it matters

Connect the development to the governing primary source and the relevant evergreen guide before applying it.

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Start planning

What Is Estate Planning?Last Will and TestamentBeneficiary DesignationsFinancial Power of AttorneyAdvance Health Care Directive and Living Will

Trusts

Revocable Living TrustIrrevocable TrustThird-Party Special Needs Trust

Taxes

Federal Estate TaxFederal Gift Tax and Form 709Generation-Skipping Transfer TaxIncome-Tax Basis at DeathState Estate and Inheritance Taxes

Administration

What Is Probate?Probate TimelineExecutor ResponsibilitiesWhat to Do After a DeathChoose Executors, Trustees, and Agents

Tools

Estate Planning WorkbenchFederal Estate Tax CalculatorGift Tax Reporting IllustratorProbate Cost EstimatorEstate Liquidity CalculatorInherited Asset Basis IllustratorEstate plan checklistMap your estate