How to Stop the IRS Taking EVERYTHING When You Die

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Many people worry that when they pass away, the IRS will swoop in and take a huge portion of their assets. It’s a common fear—and for good reason. Without the right planning, estate taxes can significantly reduce what you leave behind for your loved ones. The good news is, you don’t have to let that happen.

In today’s video, tax expert Karlton Dennis explains how to protect yourself from that outcome. He breaks down the strategies wealthy families use to shield their estates from unnecessary taxation, ensuring their heirs receive the maximum benefit possible. These are proven approaches that work whether your estate is modest or massive.

If you’ve worked hard to build wealth, you deserve to pass it on without the IRS taking more than its fair share. This video will show you how proper planning can keep your legacy intact and give your family the financial security you’ve always intended. With the right strategy, you can turn a potential tax burden into a lasting gift.

CHAPTERS:
0:00 Intro
0:19 Real Estate
0:50 What is Step-Up In Basis?
1:10 Why Does This Matter for Tax Purposes?
2:35 Common Questions
2:50 Question #1 - What About a Lady Bird Deed?
3:39 Question #2 - What Happens If My Children Want to Live in the House, Not Sell It?
4:20 Question #3 - Would My Children Qualify for the Capital Gains Exclusion?
4:55 How to Actually Transfer Property
5:13 Number 1: A Will
5:46 Number 2: A Revocable Living Trust
6:44 The Estate Tax
8:27 What About Other Property Besides Homes?
9:28 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#personalfinance #taxplanning #inheritanceplanning