Estate Planning Basics

Guida di base alla pianificazione patrimoniale. Teoria e pratica aziendale

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, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gift, estate, generation skipping transfer, and taxes. 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 only be determined by the specific goals of the estate owner and may be as simple or complex as the owner's wishes and needs directs. Guardians are often designated for minor children and beneficiaries in incapacity.

Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.

More sophisticated estate plans may even cover deferring or decreasing estate taxes or business succession.

Wills

Wills are a common estate planning tool, and are usually the simplest device for planning the distribution of an estate. It is important that a will be created and executed in compliance with the laws of the jurisdiction where it is created. If it is possible that probate proceedings will occur in a different jurisdiction, it is important also to ensure that the will complies with the laws of that jurisdiction or that the jurisdiction will follow the provisions of a valid out-of-state will even if they might be invalid for a will executed in that jurisdiction.

After widespread litigation and media coverage surrounding the Terri Schiavo case, estate planning attorneys often advise clients to also create a living will. Specific final arrangements, such as whether to be buried or cremated, are also often part of the documents.

Fitur Aplikasi :

Category

👉 With this feature, you will be easy to search for Estate Planning Guide by category.

Favorite

👉 You can save the Leadership educational app that you want to save for later learning by simply pressing the favorite button at the top of the formula.

All theories

👉 Display the whole theory and material

Search

👉 You will easily find certain categories or articles

* THE APPLICATION IS FREE. Appreciate and appreciate Us with 5 stars. *****

* No need to give bad stars, just 5 stars. If the material is lacking, just request it. This appreciation can certainly make us more excited about updating the content and features of this application.

Muamar Dev (MD) is a small application developer who wants to contribute to the advancement of education in the World. Appreciate and appreciate us by giving 5 stars. Your criticism and suggestions are very meaningful to develop this free Estate Planning Business application for students and the general public in the World.

Copyright Icons

Some icons in this application are sourced from www.flaticon.com . For more information, please read more in the application Copyright Icon section.

DISCLAIMER :

Content like Articles, Pictures and Video in this application were collected from all over the web, so if I have violated your copyright, please let me know and it will be removed as soon as possible. All copyrights and trademarks are owned by their respective owners. This app is not endorsed by or affiliated with any other affiliated entities. All images used in this app are believed to be in public domain. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be removed.