Science Fair Project Encyclopedia
Estate planning
Estate planning is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner's intended beneficiaries, often including paying the least amount of taxes. Additional goals typically include providing for and designating guardians for minor children and planning for incapacity.
Estate planning tools
The tools involved in estate planning include the will, various types of trusts, powers of appointment,various forms of property ownership (JTWROS, tenants in common, etc), gifting, and powers of attorney.
See also
11-30-2008 18:11:33
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details