The American Dream has led thousands of people to start businesses, and eventually, become successful through years of hard work and persistence. In most cases, success did not come without lean times in the early years, late nights and long weekends, and missed quality time with family.

On top of the personal sacrifices made, successful business owners typically have paid significant amounts in taxes throughout the years – income taxes, Social Security taxes, Medicare taxes, etc.

Now after decades of hard work, their goal is to pass what they’ve created down to the next generation; so it is no wonder they are frustrated to learn that their estate may also be subject to estate taxes. Despite playing by the rules and paying taxes for years, they feel like they are a victim of their own success as Uncle Sam takes another bite at the apple.

In this podcast, we discuss planning considerations for families who are concerned about estate taxes - including how estate tax rules are expected to change at the end of 2025 when many of the provisions of the Tax Cuts and Jobs Act of 2017 expire.

If you are interested in learning more about ways to protect the wealth you’ve created from estate taxes, we think you’ll enjoy this episode. Thanks for listening!

For more details on estate tax considerations, check out our blog post covering the same topic at https://pw-wm.com/learn/estate-planning/protect-your-estate-from-taxes/

EP 29: The Magnificent Seven and Market Cap Weighted Indexing

Your Wealth, Your LegacyBy Prairiewood Wealth ManagementFeb 01, 2024