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The Purpose For Estate Planning

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estate planning

The reason behind the activity that is called estate planning is to set into place an agenda that will conserve the assets of and estate to enable them to be passed onto heirs in the death of the owner of the asset, having a minimum of costs and taxes.

At play in a typical scenario is the existence of a large estate which will incur heavy federal and state taxation and administration costs during the death in the estate owner.

estate planning

By utilizing proper disposition of assets in trusts and using such strategies of gifting and life insurance, the bulk of a large estate might be transfered with a minimum of cost.


Posted Jan 15, 2016 at 7:45am