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Estate planning is something that everyone needs. Estate planning is where when you pass away, the value of your assets are calculated, and if it’s over a certain amount, you pay 40% tax. That’s as of now, estate tax is always on the table when it comes to politics. When it comes to the election, it’s always mentioned.

What’s important about estate taxes too is not just avoiding the tax on the way out, but then how do you transfer these assets to the next generations so they don’t abscond or get robbed? There’s other things you can do to make sure that the heirs either, you know, you can quote, unquote rule from the grave with some of the different provisions you could have in your trusts.

The main generation or the oldest generation worked so hard to accumulate this massive amount, so now they wanna make sure that it lasts as long as possible and that it, it doesn’t get destroyed by outside influences, so estate planning’s very, very important.