After accumulating many assets over the years, you want a way to pass them on to your beneficiaries and do it as cost-effectively as possible. Many cost-effective strategies are available to pass an estate and assets to your loved ones.
Establish a Trust
One of the best ways to do it, which is expensive, is to create a trust. Trusts can pass your assets along tax-free, keep the details and names involved private, as well as ensure that your assets go to the designated people. They are considerably more secure than using a will. Many rich people use trusts to avoid taxes….