What to Review in Your Inheritance Tax Plan

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When reviewing your inheritance tax plan, focus on who your beneficiaries are and how assets are titled, as these can significantly impact tax liability. Also consider the current value of your estate against exemption thresholds, and whether your life insurance policies or retirement accounts have proper beneficiary designations. Don't overlook annual gift allowances or trusts that might reduce the taxable estate. A periodic review ensures your plan aligns with both tax law changes and your in…