Estate planning is the process of anticipating and arranging for the disposal of an estate during a person`s life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. However, the ultimate goal of estate plan is determined by ....
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http://en.wikipedia.org/wiki/Estate_planning
The preparation of a plan to carry out an individual`s wishes as to the administration and disposition of his/her property before or after his/her death.
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http://www.duke.edu/~charvey/Classes/wpg/bfglose.htm
Planning for the disposition and administration of an estate when the owner dies. Estate planning includes drawing up a will, setting up trusts, and minimizing estate taxes, perhaps by passing property to heirs before death.
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http://www.encyclo.co.uk/visitor-contributions.php
The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making gifts, buying insurance, and creating a will, living trust, health care directives,durable power of attorney for finances, or other documents.
Found on
http://www.nolo.com/dictionary/estate-planning-term.html
instructions in the form of a will or other agreement about what is to be done with money, assets, and other matters when a person dies. For parents of a child with special needs, this should include plans for a child's care and treatments, living arrangements, and financial matters.
Found on
https://kidshealth.org/en/parents/special-needs-glossary.html
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