It's true ... you don't have to lose--even a dime--of your wealth to the IRS.(BLACKMAN ON TAXES)

Products Finishing, May, 2007 by Blackman, Irving L.

Most of the concepts and strategies you read in this tax column are really answers to questions asked (or concerns, problems or fears told to us) by readers who called our office. Also tossed into the column is a large helping of our years of experience consulting with readers.

About three out of every four readers who call ask a variation of this troublesome question: "What will estate planning do for me, my family and my business?" The simple answer: The "right plan" will accomplish all your goals. In actuality, the "right" estate plan is a group of small plans that all dovetail together.

There are basically two types of plans: a lifetime plan that should start now (in the next two or three months), and a death plan (really your will and trust...