Okay, if you understand what post-mortem pipeline planning means, there isn't really a better way to say it. But I can't help laughing when I think about that term literally. It conjures up an image from a zombie apocalypse – why are dead people planning a pipeline? What on earth are they sending through it? Brains?
For those of you who don't know, the post-mortem pipeline is a common strategy used to tackle double taxation when an incorporated business owner passes away.
If you are facing a situation that requires this kind of planning and need some advice, contact an ATAP member who specializes in taxation.
Benjamin Franklin said, “nothing can be said to be certain, except death and taxes.”