How Much of Your Estate Will Be Lost to Taxes?

If you’re worried that a sizable chunk of your legacy may go to Uncle Sam, there are steps you can take to reduce the effects of the SECURE Act and the possibility that other changes could be on the way.

Older man on a bike in the woods.
(Image credit: Getty Images)

This year, legacy planning will be more important than ever because of changes to inheritance rules and tax laws that went into effect last year and other changes that could be coming.

The good news is that many people are not likely to see their income taxes raised for the foreseeable future. But the bad news is that many more people are likely to see higher taxes on their estate after they have passed away.

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The ideas shared and information contained in this material is for informational purposes only and is not intended to serve as the basis for any financial or purchasing decisions. All clients should be encouraged to consult a legal or tax professional regarding the applicability of this information to their unique situations. Life insurance and annuity product guarantees are subject to the financial strength and claims-paying ability of the issuing insurer.


Prism Wealth Management is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Prism Wealth Management are not affiliated companies. 993615 - 7/21


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Robert Dodaro, Investment Adviser Representative
Founder, Prism Wealth Management

Robert Dodaro ( is the founder of Prism Wealth Management. He has passed the Series 65 securities exam and holds life and health insurance licenses. Dodaro, who graduated magna cum laude from the University of St. Thomas, is a National Social Security Advisor Certificate Holder and an Investment Adviser Representative registered with AE Wealth Management, an SEC-Registered Investment Adviser. He is the host of Financial Focus on WAKR 93.5 FM.