MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Don't Miss This Estate Planning Deduction

5 Jun 2026 · 1 min

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Mark Kohler explains that estate planning costs are largely deductible if your plan covers a business succession strategy for an operating business, rental properties, or income-generating ventures. A $2,500 estate plan might yield $2,000 in deductions, versus a simple $500 will with minimal tax benefit.

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How can I deduct the cost of setting up my estate plan? I think an estate plan, the bulk of it is deductible when you add a business succession plan. Think about it. You've got an operational business, you're selling stuff online, you're an influencer, you've got product services, or you have rental property and real estate. You're doing an estate plan for your business. It's a business succession plan. Would you do this estate plan otherwise? Maybe not. You're doing a trust and an estate plan to protect the business. That is a business expense. So if your estate plan costs $2,500, I might write off $2,000 of it. You can do a will for $500, but the estate plan for $2,500, the bulk of it could definitely be a write-off.