Inheritance & Estate

Inheritance-Estate

Inheritance & Estate

Your estate consists of the assets you leave behind when you die, including cash, investments, retirement accounts, business interests, real estate, precious objects, and personal effects.

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.

Wills and Trusts
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.

Reducing Estate Taxes
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
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.

Powers of Attorney
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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