10 Ways to win the estate tax game iStock/Thinkstock

10 Ways to win the estate tax game

Your wealth transfer plan (if you want to legally beat the estate tax) must start while you are alive Do not put money in a pension or profit-sharing plan — IRA or other qualified plan — if you are rich or likely to become rich Do not put real estate in a corporation that operates a business Create an IDT (intentionally defective trust) if you want to make a tax-free transfer of your family-owned business to your kids, yet want to keep absolute legal control of the business  

It all started with a question. While speaking at a recent seminar “Tax Secrets of the Wealthy” one of the business owners — also an avid reader of this column — in the audience jokingly asked me, “Irv, do you have a Top 10 list?” I didn’t, but promised to make one and publish it in my tax column. The list follows, divided between "Do not" and "Do."

Register to view the full article

Registration on Contractor allows you exclusive access to high value content centered around proprietary research, expert analysis, and in-depth technical procedures.

TAGS: Taxes
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.