But many don’t realize something shocking:

When they pass away, estate taxes can take up to 40% of what they built.

And it happens more often than people think.

Contractors frequently build wealth through:• Their construction business• Real estate• Retirement accounts• Life insurance

Over decades, those assets compound into multi-million-dollar estates. But without proper planning, heirs may be forced to sell properties, liquidate investments, or even sell the business just to pay the IRS.

The good news: wealthy families use strategies like dynasty trusts and ILITs to protect wealth across generations.

The biggest mistake I see?

Waiting too long to plan.

If you’re a contractor building serious wealth, protecting what you’ve built should be just as important as building it.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.