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Many people know that when you inherit something, that is inherited tax free. Married couples face a different issue. They each own only half of assets. So this means that in separate property states, like Minnesota, only half of the taxes in an asset are saved at death for jointly owned property.

Community property states don’t have this issue. There is an estate planning technique that allows residents of separate property states to still get this benefit. These are special kinds of trusts called Community Property Trusts.  These trusts are in SD, TN, and AK. However, those states allow non-residents to make them.

You need a good marriage though. Watch the video here to learn more.

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