“Consider these 13 estate-planning moves. Some are as simple as designating a different IRA beneficiary, while some can be as complex as setting up a trust.”
(. . .)
“5. Pay medical or education expenses directly. Another way to save on future estate taxes is to write checks for someone else’s medical expenses or education. Paying medical bills or tuition — for preschool through graduate school — doesn’t count toward the annual exclusion or the estate tax exemption, provided the checks are written directly to the health care provider or school, [Eric Bronnenkant, head of Tax/director of Tax Advisory and Planning at Edelman Financial Engines] notes.
“ ‘You can keep writing checks all day long, and it reduces the taxable estate while making someone else very happy they don’t have to pay,’ he says.”
(continued)
● “Estate Planning Checklist: 13 Smart Moves,” Kiplinger, 10/16/26:
ARTICLE LINK: https://www.kiplinger.com/retirement/smart-estate-planning-moves
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