It is never too early to create an estate plan. Estate planning
is vital to ensuring that your wishes are carried out and
that your loved ones are taken care of in the future.
Planning early can help towards:
- Ensuring proper distribution of assets
- Minimizing estate taxes and other expenses
- Avoiding costs, publicity, and delays of probate and guardianship
hearings
MsMoney.com's Inheritance & Estate Planning section teaches
you the fundamentals of taking care of your estate.
Now is the best time to create your will and trusts, the principal
steps of estate management. In this section, MsMoney.com explains
the basics of both vehicles, how they work, what advantages
they offer, and how to get both started.
Estate taxes are the highest taxes that the federal government
levies. Fortunately, there are many techniques you can use
to reduce or eliminate your estate taxes. Here, we'll explain
the basics of estate tax planning, and how you can begin to
structure your estate to minimize taxes.
Administering a will can be an extremely complex process.
This section describes what responsibilities and steps are
involved in being the executor of a will.
Sometimes--due to extended travel, serious illness, disability,
or general incompetence-- you need to give another person
the legal right to make financial or healthcare decisions
for you. This section explains the different powers of attorney
that you can grant others to prepare for life's eventualities.
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