If you’re worried that a sizable chunk of your legacy may go to Uncle Sam, there are steps you can take to reduce the effects of the SECURE Act and the possibility that other changes could be on the way.
This year, legacy planning will be more important than ever because of changes to inheritance rules and tax laws that went into effect last year and other changes that could be coming.
The good news is that many people are not likely to see their income taxes raised for the foreseeable future. But the bad news is that many more people are likely to see higher taxes on their estate after they have passed away.
Read more: https://www.kiplinger.com/taxes/tax-planning/602513/how-much-of-your-estate-will-be-lost-to-taxes
