No. of Recommendations: 1
Yes to what JAFO is saying. An item that is not part of the PROBATE estate may well be (and often is) part of the TAXABLE estate.

As an aside, although Federal estate taxation usually doesn't kick in until the estate exceeds just over $5 million (or more), a number of estates still have separate estate tax regimes, many of which will tax estates starting at $1 million of assets.

There are also lots of other reasons for estate planning indpendent of taxes (and often far more important than taxation).

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