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You May Plan To Save Income Tax For Your Successors

One should not be that selfish so as to think of saving income-tax during the tenure of one’s own life but when we talk of holistic tax planning, then surely we should so plan our tax matters that even when we cease to exist, our successors to the estate are able to save income tax in the years ahead.

 

Well, the simple technique of planning of income tax saving for our successors is to plan the division of our estate amongst different family units of our successors. This single view if implemented into reality would mean income tax saving for the future successors to your estate.

To implement this theme what is required is a proper drafting of the Will and proper distribution of your assets not exclusively in the name of a single successor of yours but in the name of different family entities of the successor which would result into distribution of assets under more than on head which would thus result into saving income tax in the family of your successor.

 
 
MORE TOPICS ...
Introduction to Family Tax Planning
Family Tax Planning - Matter Of Making Gifts And Settlements
Family Tax Planning For A Nuclear Family
Family Tax Planning By DINKs (Double Income No Kids)
Family Tax Planning While Accepting Gift
Have A Trust For Your Prospective Spouse for Family Tax Planning
It Is Possible To Have Discretionary Trust - Family Tax Planning
Avoid Oral Trust towards Family Tax Planning
Conclusion @ Family Tax Planning
How To Avoid Clubbing Of Income Of Husband And Wife -Tax Planning
How To Avoid Clubbing Of Income Of Minor Child In Parent’s Income
Minor Child should have Separate Income Tax File for Tax Planning
Use Of Marriage For Family Tax Planning
Major Children Are Your Great Tax Savers for Family Tax Planning
Your Parents And In-Laws Can Save More Taxes For You
You May Plan To Save Income Tax For Your Successors
Separate Income Tax File For A Daughter-In-Law

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