We know that death and taxes are inevitable, but that does not mean that we should be going out of our way to pay the IRS. We want to be as tax efficient (pay as little in taxes) as possible when we are dealing in our finances and especially when we are leaving assets to others or inheriting them. There are some situations where taxes are inevitable, but as long as you have the choice, favor the side with less taxes and less headaches for you and your heirs. Today, we will discuss:

1. The types of assets you could inherit

2. Inheritance and estate taxes

3. Tax implications of inheriting different assets

Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1

Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow to discuss why leaving a legacy financially is not such a bad thing. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!

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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)