Inheritance & Estate Planning Estate planning is a very important and yet often neglected part of a financial plan. Estate planning should be evaluated every few years due to the ever changing tax laws. Without careful planning the estate you've spent a lifetime building could be significantly less when your heirs receive it. Careful action on your part can help ensure that your heirs receive the estate you intend the to have. Ill-informed or misguided efforts may be a little better than no action at all, allowing taxes and probate to shrink your estate. A quick look at the estates of some famous people will demonstrate the dramatic effect this kind of action can have on what your heirs eventually receive. |
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