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00:04
to avoid estate taxes the sooner you
00:07
start planning the better the estate tax
00:10
is 40
00:11
and once you’re in that threshold it’s
00:13
40 on every dollar if you begin to plan
00:17
ahead of time we can greatly reduce that
00:20
if not completely eliminate that we have
00:22
a lot of tools in our tool belt but you
00:25
can’t just do it all at once it takes a
00:27
plan that you work every single year of
00:29
strategies such as gifting to your
00:31
family to your children
00:34
utilizing exemptions and credits that
00:36
the government allows us to do
00:38
almost always it involves trust planning
00:40
it’s some of the most complex estate
00:42
planning that we can do but if you are
00:45
subject to the estate tax and you sit
00:48
down with a good estate tax planner you
00:51
are going to save millions of dollars
00:54
when it comes time to pass your assets
00:56
down to your family members
Austin, TX estates planning & probate attorney Kyle Robbins explains what you can do to avoid estate taxes in Texas.