On this episode of the Taylor Tax Show, Terrence Taylor and Big Al Donnell Jr. delve into the intricate world of estate planning. They break down the topic into three stages: defining estate planning, discussing its importance, and exploring the tax benefits it offers. While emphasizing the complexity of estate planning and the necessity of consulting professionals in the field, the hosts provide valuable insights to help listeners navigate this critical area for tax savings.="Buy, borrow, die is a way to minimize your taxes while maximizing the transfer of your wealth." Highlights:[00:01:32] Estate planning insights.[00:06:13] Estate planning tax strategy.[00:08:44] Step-up in basis for assets.[00:14:23] The Rockefeller Waterfall Method.[00:18:21] Million Dollar Baby Strategy.[00:21:28] Consider tax consequences when growing. Follow Terrence and Big AlWebsiteLinkedIn
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