Estate Planning
Estate planning is not only arranging the distribution of your assets in the event of your death, but also the management of your assets should you become incapacitated, which is called a medical care directive. Consideration needs to be given to tax consequences and any special needs trusts or specific restrictions for the beneficiaries. Done correctly, this will allow the estate to bypass probate.
Will Power
Preparing for the eventual distribution of your assets may not sound enticing. But a will puts the power in your hands.
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White Elephant Inheritance
This article deals with how one might deal with a burdensome inheritance.
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