This is Optimal Finance Daily, Episode 2366, Multigenerational Tax Minimization, Part 1,

by Jeremy of GoCurryCracker.com And on your host and personal finance enthusiast,

Diana Mariam, I have a bit of a longer post for you today, so I'm going to split the

article up, reading the first part today and finishing it up tomorrow.

So with that, let's get right to Part 1 as we optimize your life.

Multigenerational Tax Minimization, Part 1, by Jeremy of GoCurryCracker.com

We will never have the experience of receiving an inheritance, but GoCurry Cracker Jr. will.

In my role as fiscal steward, I would like to ensure that he, along with our other beneficiaries,

have the largest amount possible, after we're done spending as much as we want naturally.

But Jr. only gets what the IRS doesn't take, so I'm taking my tax efforts to the next

level, Multigenerational Tax Minimization.

Multigenerational Tax Minimization, Much of what I've seen with regards to multigenerational

Tax Minimization or Wealth Preservation, is focused on avoiding or minimizing the impact

of the estate tax, often by companies or persons with a vested interest in selling

you a trust.

Hey little kid, would you like to buy a trust, said the big bad wolf?

Trusts have their place, but I have a simple and guaranteed solution to avoiding the estate

tax altogether, and it costs a lot less.

Just die with less than $22 million in assets.

It's so easy almost anyone can do it.

With each adult able to pass about $11 million to their heirs without taxation at the federal

level, for most of us the estate tax is a non-issue.

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