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What is Estate Planning?

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Information about What is Estate Planning?
Finance

Published on March 11, 2014

Author: ebensteinebenstein

Source: slideshare.net

Description

A law firm based in Connecticut, Ebenstein & Ebenstein excelled in personal injury law. Some of the other areas of law practiced by Ebenstein & Ebenstein were tax counsel, family law, and estate planning.
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By Ebenstein & Ebenstein

 A law firm based in Connecticut, Ebenstein & Ebenstein excelled in personal injury law. Some of the other areas of law practiced by Ebenstein & Ebenstein were tax counsel, family law, and estate planning.

 Estate planning refers to the legal plans that individuals make for their property and assets after their death. Most people begin to plan their estates later on in life, though individuals with valuable and diverse assets often start planning earlier. It should be remembered that estate planning is for everyone, not only the affluent; everyone leaves something behind, and at the very least, guidelines for funeral services and a burial should be included in order to make the process as easy as possible for surviving family members.

 An individual’s last will and testament is the basis of all estate planning and should dictate exactly what to do with what assets, leaving no room for alternate interpretations. While money and property are often included, individuals should not forget about invaluable personal items or family heirlooms that might be claimed by numerous parties, which could lead to legal confrontations.

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