#22 Prepare your estate plan for a tax deduction
None of us like to think about “the end.” However, if you do, you can get a tax deduction for planning and preparing your trust, will, and estate. Fees paid to professionals and consultants may be tax deductible and may protect you and your family. A will protects the deceased’s objectives for transferring property. A trust may protect a family from creditors. Planning your estate can reduce significant taxes, due to high tax rates on estate values.