Estate planning
Process of planning for inheritance of property
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📌 Topics
- Finance (1)
- Taxation (1)
- Wealth Management (1)
🏷️ Keywords
IRS (1) · Gift Tax (1) · Estate Planning (1) · Capital Gains (1) · Financial Gifts (1) · Tax Exclusion (1) · Investment (1)
📖 Key Information
Estate planning or inheritance planning is the process of anticipating and arranging for the management of a person's estate or net worth 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 legal tax avoidance. Estate planning includes planning for incapacity, reducing or eliminating uncertainties over the administration of a probate, and maximizing the value of the estate by reducing taxes and other expenses.
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People and organizations frequently mentioned alongside Estate planning:
- 🌐 Capital gain (1 shared articles)
- 🌐 Gift tax in the United States (1 shared articles)
- 👤 Internal Revenue Service (1 shared articles)