For families with an estate of multi-million-dollar and above, estate taxes can significantly impact the wealth passed down to future generations. Strategic planning is essential to minimize tax burdens while preserving your legacy and multi-generational wealth. Below are key strategies to consider:

Family Trusts
Establishing a family trust can help protect assets from excessive taxation, as well as protect assets from possible creditors. By placing assets in a trust, you can reduce your taxable estate while ensuring that your wealth benefits your heirs according to your wishes.

Charitable Giving
Donating to charitable foundations or setting up a charitable remainder trust (CRT) allows you to support causes you care about while benefiting from tax deductions. This strategy can also provide income for beneficiaries over time.

Protect Wealth with Investment Trusts
Protect your wealth using principal guaranteed investments available under the Insurance Act. These investments allow designated beneficiaries to bypass probate, but more importantly, using a principal guarantee to mitigate downturns in the market.

Using MTAR and Life Insurance Planning
A properly structured life insurance policy can provide liquidity to cover estate taxes, preventing heirs from needlessly selling off valuable assets to pay tax liabilities. It also provides an opportunity to tax shelter funds in a corporation, or a trust, creating a lift of additional wealth in the estate impacting future generations.

To learn more about sophisticated estate planning strategies, join our exclusive webinar on Thursday, February 20th at 6:30 PM MT. Secure your spot today! Call us at 1-833-266-6464.