Estate Planning Sources for your Essay

Estate Planning Scenario to Lessen Tax Liability


Charity is a tax-favored choice because it is income tax-exempt whereas the wife is tax-favored because she can roll over to her own Individual Retirement Account (IRA). On the other hand, children are tax-favored choices because they can promote a long tax-deferred "stretch" payout since they have long life expectancies (Choate, 2011)