5 Finance Tips the Rich Shouldn’t Ignore: Hovnanian Enterprises, Inc. (HOV), Beazer Homes USA, Inc. (BZH)

Page 2 of 2

Tip 4: Don’t let Uncle Sam take your estate.
In the fiscal cliff resolution, the estate-tax exemption of more than $5 million was preserved. That gives a lot of breathing room for many people, but if you’re still over the line, there are ways you can protect yourself. Through annual lifetime gifts to heirs as well as more complicated techniques like life insurance trusts and family limited partnerships or LLCs, you can make the most of the tax-free gifts the IRS allows you to make.

Tip 5: Protect your heirs from themselves.
What took you a lifetime to save can get squandered a lot faster if your heirs prove not to be as responsible with money as you are. Even though there are costs involved in setting up and managing trusts, doing so can be a key step toward making sure your money stays where you want it even after you’re gone.

The article 5 Finance Tips the Rich Shouldn’t Ignore originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.



Page 2 of 2