estate planning


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estate planning

noun arrangements for succession, proper testamentary scheme, testamentary planning, will planningGenerally: tax planning
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Lastly, the Bettses are passionate about proper planning and advocate the importance of estate planning to family and friends.
New grandparents would also be well advised to update estate planning documents to provide a generation-skipping component, including a current gifting program.
Much estate planning involves strategies and using entities to minimize the impact of estate tax.
If you have assets worth $650,000 to $1 million or more, estate planning may benefit your heirs.
Values Centered Estate Planning puts all of your resources--your assets and ideas--behind your most fundamental beliefs about the good of your loved ones and society," explains Mark Weinberg, an estate planning attorney who represents charities and donors in planned giving, and serves as planned giving counsel to the National Academies.
But that can get tricky, says Robin Klomparens, chair of the estate planning group for Weintraub, Genshlea & Sproul.
In other words, estate planning is a process of weighing numerous alternatives and making decisions that you hope will improve and secure your child's life now and in the future.
This estate planning software program is designed for the professional just getting started in estate planning as an additional client service or career path.
You should begin your estate planning by exploring ways to minimize gift or estate taxes, which typically range from 37 percent to 55 percent.
Estate Planning includes discussions of: the use of wills; living trusts; gifts in trust; insurance trusts; estate and gift tax returns; gifts of purchases of stock; financial planning for retirement and the use of traditional and Roth IRAs; family estate plans; discount valuation of intra-family gifts of a minority interest in a closely held family business context; LLCs; like-kind exchanges; and the use of charitable transfers.
Financial planning software platform, AstuteWheel, has expanded their software portfolio with an estate planning part.

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