147. How To LEGALLY Avoid Estate Taxes! / Ask The Money Nerd

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

In this episode of Ask the Money Nerds, Garrett and Amanda answer a question from Janae.

Janae wrote in with a question about receiving a large financial gift from her parents.

Many of you are worried that there will be some major changes to estate taxes when new administration takes office. How should you be planning to pass down your wealth? Are there ways to minimize how much estate tax you will ultimately pay? Today, we explore some of the common strategies to minimize taxes through gifting before you pass away, as well as ways to pass along wealth through your business.
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