Inheritance Myths Debunked
3/23/202611 min
Today, Nicole debunks the most viral myths about inheritance and gift taxes, and walks you through exactly how these taxes work, when they actually kick in, and the totally legal strategies wealthy families use to pass on as much as possible to their heirs.
Nicole breaks down the difference between gift tax, estate tax, and inheritance tax; explains the $19,000 annual gift exclusion and the $15 million lifetime exemption; and covers the states that will still come after you even when the IRS won't. Then she gets into the tools the ultra-wealthy use, like irrevocable trusts and Family Limited...
Transcript preview
First 90 secondsNicole Lapin· Host0:00
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Speaker 11:02
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Nicole Lapin· Host1:18
I'm about to head out on a trip for 10 whole days. I'm actually not going far from my home in LA. I wanted to minimize travel time and maximize leisure. I'm gonna put the out of office up on my inbox and retreat