Chapter 3. Is It Really That Important to Think About Taxes?
As our founding father, Benjamin Franklin, wisely noted, the only certainties in life are death and taxes. What Mr. Franklin didn’t realize at the time is that so many taxes would be associated with death. Elizabeth, age 68, agrees with our founding father: “The IRS shouldn’t benefit after our demise; the government has already benefited throughout our working years.” Taxes at your passing may be imposed by both the state and federal governments. We’ll start with state inheritance tax.
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