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Equalizing Inheritance

Welcome to another installment of Tax Alpha. This time around we’re looking at what you can do when your estate is largely tied up in a single asset.

Many families or businesses take on unnecessary stress worrying how to divide an estate, when most of the estate is in a single asset that can't be easily divided. This estate planning issue can often be solved with a few simple steps. This short video shows how an Irrevocable Trust and a life insurance policy can make sure everyone gets their share of the inheritance. In Richmond, KY, this is a very common scenario because of the amount of farm land that has passed from generation to generation.