Trusts That Can Reduce Your Taxable Estate
When you pass away, your property will be passed on to beneficiaries who are named in your will. When this happens, a portion of your assets will end up in the hands of the US government in the form of estate taxes. You could avoid paying estate taxes by spending all of your money, but this might be difficult to do without risking running out. If you wish to pay as little as possible in taxes, however, there are other actions you can take.