There are several layers to estate planning and going from zero estate-planning to completion of an advanced estate plan in one step is not required, practical or even advisable. Farm succession planning, and transfer taxes such as gift taxes, estate taxes, generation-skipping transfer taxes, property taxes and income taxes?are all layers to your estate plan.
Tag: estate planning
Contrary to popular belief, an estate plan is not just about money or taxes. It’s about protecting your assets for yourself and your loved ones, achieving your financial goals and safeguarding your health care. Money and taxes aside, here are seven good reasons you need an estate plan: Your health care. Defining how your medical