What is estate planning?

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Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan main purpose is to preserve as much wealth as possible for the beneficiaries. An obstacle for drafting an estate plan are the many different federal and state tax laws.


How to estate plan:

  • Wills
    • Allocation of Assets
    • Guardianships and Trusts for Children
    • Provisions for Pets
    • Charitable Bequests
  • Trusts
    • Living Trusts
  • Powers of Attorney
  • Beneficiary Designations
    • Insurance
    • Retirement Assets
    • Bank Accounts
    • Provisions for Single-Parent Families, Blended Families and Special Needs Children
    • Provisions for Non-Related Beneficiaries
    • Provisions for Business Interests
    • Provisions for Grandchildren

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