Estate Planning Basics

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Estate Planning Basics for Android

vMuamarDev-2020

Key features of Estate Planning Basics

  • Basic Guide to Estate Planning. Business theory and practice
  • Updated on Nov 26, 2020
  • Estate Planning Basics APK is available for free download

App description by Muamar Dev

Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gift, estate, generation skipping transfer, and taxes. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner and may be as simple or complex as the owner's wishes and needs directs. Guardians are often designated for minor children and beneficiaries in incapacity.

Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.

More sophisticated estate plans may even cover deferring or decreasing estate taxes or business succession.

Wills

Wills are a common estate planning tool, and are usually the simplest device for planning the distribution of an estate. It is important that a will be created and executed in compliance with the laws of the jurisdiction where it is created. If it is possible that probate proceedings will occur in a different jurisdiction, it is important also to ensure that the will complies with the laws of that jurisdiction or that the jurisdiction will follow the provisions of a valid out-of-state will even if they might be invalid for a will executed in that jurisdiction.

After widespread litigation and media coverage surrounding the Terri Schiavo case, estate planning attorneys often advise clients to also create a living will. Specific final arrangements, such as whether to be buried or cremated, are also often part of the documents.

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Content like Articles, Pictures and Video in this application were collected from all over the web, so if I have violated your copyright, please let me know and it will be removed as soon as possible. All copyrights and trademarks are owned by their respective owners. This app is not endorsed by or affiliated with any other affiliated entities. All images used in this app are believed to be in public domain. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be removed.

Estate Planning Basics is recently updated reference estate application by Muamar Dev, that can be used for various planning purposes. Its latest version MuamarDev-2020 has 0 downloads. You can download Estate Planning Basics latest APK for Android right now.

Specifications

License Free
Requirements Require Android 5.0 and up
Language English
Categories books, reference, estate, planning, basics, plans
Size 6.1M
Version MuamarDev-2020
Audience Everyone
Publish Date
Author Muamar Dev
Downloads 0
Download options APK
User Rating 5.00 / 5

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