this post was submitted on 14 Jan 2024
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The wealthy (lemy.lol)
submitted 10 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] JimmyChanga@lemmy.world 4 points 10 months ago

There are ways to lessen the load, gifts can be given before death though you have to live on for seven years or tax is collected, trusts can be set up, if property is left to a spouse or direct descendent, then up to a certain value it's got a nil rate... but its not great