ARTICLE | August 30, 2023
After selling a business, it is crucial to update your estate plan to align with your new financial situation. This includes reducing your exposure to estate tax through various techniques such as making gifts to family members or charity. In the linked article by RSM, you will find an overview of common strategies for transferring wealth to your beneficiaries while minimizing estate tax. It also emphasizes the importance of reviewing and revising your estate planning documents to ensure they reflect your current financial situation and wishes. To learn more about estate tax reduction strategies and how to revise your estate plan after selling a business, read the linked article, and reach out to your KHA tax professional to begin appropriate discussions and planning.
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