Tax planning focuses on the client’s current and future tax obligations and strategies employed to minimize or defer taxation. Tax planning strategies are designed to help strengthen the client’s financial position and better enable them to meet financial goals. Tax planning is important since most financial decisions will generally have tax implications. Therefore, tax planning is highly integrated with other financial planning areas. For example, different classes and types of investment and insurance products will have different tax implications; depending on the purpose of financing, interest costs will either be considered tax deductible or non-tax deductible. A key estate planning objective for some clients is to minimize taxes at death so as to maximize the estate value available for beneficiaries.