If you are entrepreneur, you need more than a basic estate plan. Even if you don't own a business, some of the strategies that entrepreneurs use to protect their wealth can be useful to others as well. The following are 7 estate planning tips from entrepreneurs that you may want to discuss with your estate planning lawyer:

In 2015, there are still 20 U.S. jurisdictions that collect a death tax at the state level: Connecticut, Delaware, District of Columbia, Hawaii, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, and Washington. Even if you don’t live in one...

There are many different kinds of trusts, the main benefits of which are to avoid probate and to allow property owned by the trust to easily pass to the beneficiaries. Some, like a special needs trust, allow special needs beneficiaries to receive funds without jeopardizing their right to public benefits....

Under current law the federal estate, gift, and generation-skipping transfer tax exemptions have become unified and are indexed for inflation on an annual basis.  Since 2011, the exemption and tax rate have changed as follows: Year    Exemption       Tax Rate 2011    $5,000,000      35% 2012    $5,120,000      35% 2013    $5,250,000      40% 2014    $5,340,000      40% 2015    $5,430,000      40% The annual...