Taxes can be confusing, but they don’t have to be terrifying. In this solo episode, Jill Mastroianni breaks down estate, inheritance, and gift taxes, helping you separate fact from fiction. Will estate taxes impact your family? Probably not. And what’s the deal with gifting limits? Jill walks you through the history, the myths, and what really matters when it comes to taxes and death readiness.

What You’ll Learn in This Episode:

• The history of estate taxes and how they came to be
• What the federal estate tax exemption means for you in 2025 (and how it’s scheduled to change)
• Which states still have estate and inheritance taxes
• How the step-up in tax basis at death can save loved ones from major tax bills
• The truth about gift taxes and why most people will never owe them
• Practical tips to minimize tax burdens when passing on assets

Show Notes & Resources:

• State-Level Estate & Inheritance Tax Info: https://taxfoundation.org/data/all/state/estate-inheritance-taxes/
• Jill's cousin, Trusts & Estates Attorney in New Jersey, Stephen Pagano: https://riker.com/attorneys/stephen-j-pagano/

Taxes might not be fun, but knowledge is power. Listen in as Jill simplifies these complex topics and helps you remove one more worry from your list.

Connect with Jill & Oversimply

• Website: https://www.oversimplyllc.com/
• Email Jill: jill@oversimplyllc.com
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Podcast editing provided by JAG in Detroit Podcasts

• Website: www.JAGinDetroit.com
• Email: jag@jagindetroit.com