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    75 year old from Houston, TX

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  • While taxes are indeed paid out each year, there are many purposes to estate planning in the long term. Tax strategies can be used to guarantee that your estate will be as large as possible, or minimize the amount of taxes paid upon it in the long term. For more information, we suggest starting your research off with the IRS website's database of pertinent information at,,id=108143,00.html

  • Login to rate this answer:   Answered on 4/28/2010
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.