‘I need to get my financial affairs in order’: I’m 80 years old and have $1 million. How do I avoid my child having to pay inheritance tax?
“All this is for my son.” (The subject of the photo is a model). – Getty Images/iStockphoto I am 80 years old and I need to get my financial affairs in order. I have $650,000 in investments, $250,000 in life insurance, and about $150,000 in equity in my home, plus good long-term care insurance. All…