Estate Planning
The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.
Investopedia Commentary
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the rich!
Almost three quarters of Americans die without any sort of estate planning.
Related Links
Getting Started On Your Estate Plan
Three Documents You Shouldn't Do Without
Skipping-Out on Probate Costs
Get Ready For The Estate Tax Phase-Out
See also: Estate, Estate Tax, Intestate, Probate, Taxable Estate, Will
estate planning
Why is estate planning important? A well-drafted estate plan is your assurance that the taxes and costs associated with your death will be minimized. A good estate plan also keeps the process of settling your estate as simple and efficient as possible. Most importantly, your estate plan will ensure that your assets will be used to benefit the people or institutions that you choose, in the amounts that you choose.Gloria Cole, Attorney, private practice, Weston, MA |