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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 .
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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
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The first step of digital estate planning is creating a list of all your online accounts and digital property. Digital estate planning can be broken into two broad categories : Things with ...
Proper planning helps avoid many of the problems associated with succession and transfer of ownership. Business Exit Planning is a body of knowledge which began developing in the United States towards the end of the 20th century [citation needed], and is now spreading globally. A Business Exit Planning exercise begins with the shareholder(s) of ...