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Estate planning is the process of arranging for the management and distribution of a person’s assets after death. The primary goals of estate planning are to ensure that your wishes are carried ...
[1] [2] [3] Estate planning includes planning for incapacity, 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 only be determined by the specific goals of the estate owner, and may be as simple or ...
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Nearly half of high-net-worth Baby Boomers—people between the ages of 60 and 79 with more than $1 million in investable assets—say they plan to hold onto their wealth during their lifetime ...
Estate planning and administration, including tax questions [2] Medicaid, disability and other long-term care issues; Guardianship, conservatorship and commitment matters, including fiduciary administration; Other issues found under the umbrella of elder law include such areas as:
QTIP trust is a type of trust and an estate planning tool used in the United States. "QTIP" is short for "Qualified Terminable Interest Property." A QTIP trust is often used in order to take advantage of the marital deduction and still control the ultimate distribution of the assets at the death of the surviving spouse.
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