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How does your estate tax bill get paid if your wealth is tied up in your business or real estate?
How does your estate tax bill get paid if your wealth is largely tied up in your business or real estate? The IRS does not accept stock, real estate, or ownership stakes. The tax bill is due in cash. For business owners with estates over the current federal exemption, that bill can run into the millions. And could leave your family scrambling. If your kids can't write that check, they become forced sellers. The Business goes. Properties go. The legacy you spent 30 years building gets liquidated under pressure. The way most families solve this isn't complicated. A properly structured life insurance policy shifts the tax burden off your estate and onto the policy. But it has to be put in place while you're still healthy and insurable. That's what makes your 40s and early 50s the perfect window to consider this. Your heirs keep the assets. The IRS gets paid. No fire sale. If your net worth is growing and most of it isn't liquid, this is a conversation worth having now, not when the window closes. Drop a comment or hit the link in bio. #EstatePlanning #EstateTax #BusinessOwners #WealthManagement #LegacyPlanning #LifeInsurance #FinancialPlanning
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