Estate Planning

Abstract: This 16 page paper provides a comprehensive overview of estate planning. Reasons for estate planning are outlined along with the benefits of such planning. One study found that at least 70 percent of Americans die without even a will. The writer comments on misconceptions regarding estate planning and explains how such planning helps heirs even when there is a very small estate. The writer discuses the integration of asset protection and estate planning. The steps one takes to build a plan are describes, such as reviewing the current situation. Numerous tools for estate planning are explained, such as wills, trusts, gifts and others. Many of the common mistakes made in estate planning are reviewed, such as not updating the plan when life events change the situation. The writer also comments on legal issues of estate planning. Bibliography lists 12 sources.

Filename: PGespln.rtf

Pages: 16

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Catagory:

Subcatagory: Miscellaneous Economic Issues

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