The current federal estate and gift tax exemption of $15 million per individual means only a small percentage of families face federal estate tax.
However, 13 states have their own estate or inheritance taxes — making careful planning essential.
Effective planning for “moderately wealthy” families may include:
- Prioritizing income-tax-efficient wealth transfer
- Utilizing non-grantor trusts for income and tax management across generations
- Building flexible plans to capture step-up in basis opportunities
- Addressing state-specific estate and inheritance taxes
Innovator Wealth Advisor partners with qualified estate attorneys to help clients preserve family wealth, minimize taxes, and ensure their legacy endures
