Estate planning commonly involves trusts,gifts,and charitable contributions for the purpose of avoiding taxes.

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Estate planning often includes strategies to minimize tax liability, such as setting up trusts, making gifts to beneficiaries, and donating to charity. The primary goal of these actions is to reduce the amount of estate and gift taxes owed, allowing more of the individual's assets to pass to their intended heirs.

Estate Planning Commonly Involves Trusts,gifts,and Charitable Contributions for the Purpose