Estate Planning


Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses.

The ultimate goal of estate planning can be determined by the specific goals of the client, and may be as simple or complex as the client's needs dictate. Guardians are often designated for minor children and beneficiaries in incapacity. The law of estate planning overlaps to some degree with elder law, which additionally includes other provisions such as long-term care.
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Wealth planning is the art of structuring your wealth while building it, preserving it, and in order to transfer it to the next...
Estate planning is the process of anticipating and arranging, during a person's life, for the management
Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement.

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Copyright by RIPL. All rights reserved.