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Inheritance is an important procedure for passing on property and legacies to the next generation. However, if you are not prepared, problems among the remaining family members and unexpected tax burdens may weigh heavily on you. Early preparation is essential to ensure a smooth inheritance. In this article, we will discuss how to prevent family disputes and minimize tax...

Regardless of the variety of inheritance assets, it is very important to "think about inheritance in advance. Inheritance tax can be reduced by giving a portion of your property to your children, grandchildren, or other family members before your death and passing it on to the next generation in advance. Typical and well-known examples are...

Living wills are gaining attention as a way for individuals to distribute their own assets to family members or loved ones prior to their death. It is a means of reducing the burden of inheritance taxes and ensuring a smooth transfer of assets, but it requires knowledge of the taxation system and laws, and requires systematic preparation. This article discusses the benefits of living wills and...

Gift tax is a tax imposed on the transfer of property by gift, but special rules exist for gifts made during one's lifetime. One of the most important of these rules is the "living gift addition," which means that the gifted property is added to the estate when the donor dies. If the property donated during the donor's lifetime is added to the donor's...