The purpose of estate planning is to come up with a management plan for the assets of the estate planner when he/she is dead. The plan should be efficient so that the assets of the estate planner are not misused. While framing the estate plan, the estate planner must keep in mind the laws of…
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Every person needs an estate plan to secure his/her family’s future after his/her death. Every adult, despite its income and financial conditions, must frame an estate plan. Young adults of age 18 should also frame an estate plan so to get prepared in advance for unwanted situations. Estate planning can get complicated; thus, appointing an…
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Estate Planning is a process that involves determining the ways on how the assets of a person will get monitored, managed and distributed upon his/her death or in the event they become incapacitated. The planning includes drafting a will, making trusts and directing to transfer some of the assets to the charity. Estate planning also…
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Estate planning and will planning have the same purpose and come under the same law. On the basis of this if people are considering that both the processes are the same, then they have a misconception. But, the objective of both the process is the same, which is to convey the ways the assets of…
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Estate planning sounds easy as it involves some simple steps. People don’t take it seriously considering that it is not that important. Neglecting an estate plan is what nobody should do because it can put you as well as your family in serious trouble. For framing an estate plan, it is mandatory to have some…
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Many people are of the view that estate planning is all about preparing a will. However, this is not the case. Will preparation is only the first step in the process. To make the plan work properly, you need to consult an estate planning attorney near me 11714. The attorney will explain all other steps…
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If you manage everything very well from the beginning you will hardly end up paying extra for the probate process. Probate can be a costly affair if you leave the world without planning it well. Probate process is a simple process which ensures that all the deceased person’s debts are paid and the estate/property is…
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If you own sufficient number of properties and investments and after your demise you know that there will be more than one beneficiaries for your estate then it is advisable to do the estate planning before you take the heavenly abode. Estate planning in simple terms means how all your assets, investments, bank balances, bonds,…
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Every estate planning procedure requires the owner to accumulate certain documents. These key documents revolve around the owner’s assets and properties. These documents include his or her will, a complete list of assets, online ids as well as passwords, insurance policies, trust details, etc. An estate planning attorney near me 11598 will help the owner…
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Estate planning has become an imperative aspect of our present-day lives. The reason is that we all own one or the other assets, and we all have some beneficiary or the other in mind. Estate planning helps us pass on these assets to our beneficiaries in an effective manner. Now, the question is that can…
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