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Financial PostSeptember 2025

How can I reduce taxes on my estate so my children inherit more?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

Many parents reach a stage where they have enough for themselves and start thinking about how much of their estate will survive the tax bill before it reaches their children. This piece takes up that goal and offers a range of approaches, including the idea of giving some money to your kids while you are still alive rather than leaving all of it to be sorted out later. Gifting earlier can let children use the help when it matters most, and can change how an estate is eventually taxed, though it comes with its own considerations about timing and your own security. The discussion is aimed at people with grown children and assets they expect to pass on, who want the inheritance to go further. It is general education on shrinking the eventual tax hit, not a prescription for any one family.

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