Estate taxes became a part of the American tax system with the Revenue Act of 1862 when revenue was needed to support the Civil War, and they continue today. Many people find the idea of paying an estate tax unfair after having spent their entire lives paying income taxes while accumulating wealth.
Fortunately, there are strategies that seek to reduce or even eliminate potential estate taxes due if properly designed and executed. At Buehler & Berryhill Financial Partners, we are proficient in understanding estate planning cases and designing strategies that seek to help our clients' heirs retain more of their wealth.
*Buehler & Berryhill Financial Partners and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation.