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Here are the things you need in an estate plan, including one element that can provide more flexibility and help settle your estate more quickly. 7-step checklist for estate planning
From power of attorney to wills and trusts — here's how to prepare for end-of-life care and estate taxes.
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity , and may include minimizing gift, estate, and generation-skipping transfer taxes .
See answers to common questions around retirement planning and more. And take a look at our growing library of personal finance guides that can help you save money, earn money and grow your wealth.
Estate planning and administration, including tax questions [2] Medicaid, disability and other long-term care issues; Guardianship, conservatorship and commitment matters, including fiduciary administration; Other issues found under the umbrella of elder law include such areas as:
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the jurisdiction where the deceased resided at the time of their death.
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