How Do I Avoid Idaho Taxes With Estate Planning? - IdahoProbateLawVideos.com

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Taxes on your estate can be avoided or reduced if you plan effectively.

In this video Susan Graham, a Idaho Elder Attorney, gives an overview on How to Avoid Taxes With Planning Your Estate.

Taxes can be avoided if you plan effectively.

There are two kinds that I'm concern about; Capital Gains tax and a death tax. If you're careful you can give your children a great benefit by eliminating the capital gains tax when you die. Example: House that you own for 100,000. Give your house to your children and create a reserved life estate. You get to stay in the house for the rest of your life and still get a property tax break. Plus, your children get a stepped up basis.

This saves your children 80,000 in tax. The inheritance tax aka death tax rate start at 41% to 55% over a million dollars. There are many steps that you can take to get rid of that tax. Talk with a professional attorney to find out how.

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• death tax
• idaho elder law
• asset protection
• capital gains tax
• boise attorney
• idaho probate law
• idaho taxes
• protect child inheritance
• estate tax
• inheritance tax