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Estate Planning For Dummies. Explore Book Buy On Amazon. An estate plan, including a last will and testament, protects your family and finances after you die. Your first step in estate planning is to write a comprehensive will that moves smoothly through the probate process.
Estate planning covers any decisions regarding money, property, medical care, dependent care, and other matters that can arise when a person dies. The biggest benefit of estate planning is peace of mind—you’ll know your wishes will be fulfilled for the benefit of your loved ones.
1. Identify the Steps Necessary to Protect Your Wealth. 2. Consider the Needs of Your Heirs. 3. Make a Plan for the Transfer of Assets. 4. Address Other Issues Raised by Your Death. 5. Prepare for...
An estate plan is a collection of documents that govern where your assets go after you pass away. It also includes directives to manage your final years, especially if you cannot make your own decisions.
This guide presents an introduction to estate planning so that you can better understand what’s involved. You’ll learn more about: • Sizing up your estate. • Tax laws that affect your estate. • The documents you’ll need. • Some common estate plan designs. • How your assets will transfer when you die. • Designating beneficiaries.
Estate planning is putting your affairs in order so that your loved ones are taken care of if you die or are incapacitated. A will is an essential piece of the plan. So are lists of your...
Estate planning is the process of deciding which people or organizations receive your possessions once you’ve passed on. It’s also how you leave instructions for managing your care and assets...