The 4 Most Costly Estate Planning Mistakes
Made by Those Worth $3 Million and Up are:
1. Losing 50% or more of your estate to estate taxes . If you own it, it will be taxed! The world's best will and trust will not save your family one penny in estate taxes! Oversimplified — you're only worth 40% of what you think you are.
2. Losing upwards of 85% of your qualified retirement plans to income, estate, generation and excise taxes.
3. Thinking liquidity will protect your assets from the devastation of estate taxes.
4. Giving your favorite charity only a fraction of what you could give them.
These mistakes can be cured, resulting in your heirs keeping more of your dollars.