Some aspects of estate planning.
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Some aspects of estate planning.

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Published by Virginia State Bar in Richmond?] .
Written in English

Subjects:

Places:

  • Virginia.

Subjects:

  • Estate planning -- Virginia.

Book details:

Edition Notes

StatementIn cooperation with Bar Association of the City of Richmond [and others.
Classifications
LC ClassificationsKFV2940 .J63 1969
The Physical Object
Pagination1 v. (various pagings)
ID Numbers
Open LibraryOL5323056M
LC Control Number72175715

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The Principles of Estate Planning, 2nd Edition is newly revised with updated information on the most current developments in the estate planning field, including ATRA-related tax changes, the use of the new ABLE accounts for medical expenses planning, information on the use of trust protectors, and planning techniques that can be used for newly recognized same-sex marriages. Print book: National government publication: English: 20th ed., Spring View all editions and formats: Rating: (not yet rated) 0 with reviews - Be the first. Subjects: Finance, Personal -- United States. Estate planning -- United States. Estate planning. View all subjects; More like this: Similar Items. This is the table of contents for the book Legal Aspects of Property, Estate Planning, and Insurance (v. ). For more details on it (including licensing), click here. This book is licensed under a Creative Commons by-nc-sa license.   A will or trust is an essential component of any estate plan. Both ensure your property is divvied up according to your wishes but the major difference and benefit of a trust is that the assets avoid probate which saves time, court fees and potentially reduces estate taxes.

  Closing an estate may come with some immediate costs, such as attorney fees, estate taxes, and funeral expenses. One of the main reasons for creating a comprehensive plan for your estate is to make it easier on your loved ones, so you want to ensure they aren’t stuck footing the bill. In some situations, establishing a trust as part of an estate plan can help counter state estate tax implications. Review your estate plan with your attorney and tax professional, with an eye toward reducing federal and state estate taxes, and make sure to reevaluate and potentially update your plan to establish residency in another state. 6. On spine: Estate planning. Second ed. published in under title: Introduction to estate planning in a nutshell. Description: xii, pages ; 24 cm: Contents: 1. The estate and estate planning The transfer of property at death by will and under the intestate law Survivorship interests "Simple" wills Insurance   An alarming 55% of American's don't have an estate plan in place. Procrastination is a common excuse. However, for many people it's a lack of knowledge about estate planning, including the benefits, their options and the protections it offers them and their families. This article reviews 10 essential estate planning facts that will arm with you with enough knowledge to cross estate planning.

The heart of estate planning is figuring out what will happen to your property when you die. But in addition to determining where your property should go, estate planning can also include decisions about your young children and their property, your taxes, avoiding probate, your health care during life, and what happens to your body after death.   There are four main elements of an estate plan; these include a will, a living will and healthcare power of attorney, a financial power of attorney, and a trust. Last Will and Testament An estate plan commonly includes a last will and testament, commonly known as a will, which outlines your wishes for the assets that you own at your passing.   Different aspects of estate planning are often intertwined. For example, it just doesn’t make sense to decide what property should pass under your will—and so go through probate—until you understand how some of it might be better left by other probate-avoidance methods.   Estate planning goes beyond drafting a will. Thorough planning means accounting for all of your assets and ensuring they transfer as smoothly as possible to the people or entities you wish to.