LANSDOWNE, Va.,
With a degree in finance obtained from the
Estate Planning
No one wants to think about death, but it's an inevitable occurrence which we must all face. For that reason it's prudent to have your affairs set in order in the event that something happens. This is called "estate planning" or "legacy planning", and also includes the management of your properties and assets, as well as any ongoing financial obligations a person has at the time of their death. It's important to plan for this. On the most basic level this involves writing a will.
There are various reasons for planning an estate, and it differs from person to person. Preserving family wealth, ensuring that your children or spouse are provided for, funding your family's education, donating to charitable causes - these are all viable options.
Estate Planning Tasks
Dividing up and estate and managing someone's affairs can be a time-consuming and complicated manner. Firms such as
These include:
- Setting up funeral arrangements
- Establishing a guardian for dependents (if this is the case)
- Reducing state taxes by setting up trust accounts
- Creating beneficiaries for ongoing plans such as life insurance, IRAs and 401(k)s.
- Arranging for charitable gifting to reduce the amount to which an estate can be taxed
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View original content:http://www.prnewswire.com/news-releases/andrew-corbman-here-to-ensure-the-fair-transfer-of-your-estate-300680694.html
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