Sentences with phrase «large estate tax payment»
Depending on the size of your estate, your heirs could be hit with a large estate tax payment after you die.
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Additionally, higher - than - expected income taxes and «six atypically large estate tax payments» this year have led to a $ 350 million operating surplus.
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According to recent charges made by the United States Attorney's Office, Senator Skelos «is accused of illegally obtaining a $ 20,000 payment for ADAM SKELOS from a large real estate developer dependent on DEAN SKELOS for tax breaks.»
The reason for this is because these policies are not being used for large debt payoff or the payment of estate taxes, but rather just primarily for costs.
Because the life insurance policies are not counted as part of a person's estate, allocating a portion of your wealth to a whole life insurance plan can be an effective way to reduce your estate's size by reducing available cash on hand while increasing your heirs» inheritance through legally avoided estate taxes, probate fees, and the payment of a large death benefit.