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Estate Planning - Everything You Want
to Know About - How To Make A Good
Estate Planning Guide
By Kyle J. Norton
Written By Kyle J. Norton
All rights reserved. Any reproduction in part or in whole of this e-book must
have Written Permission of the writer.
Disclaimer: The e-book is for information and education only, please consult
with your financial planning specialists before applying.
Special thanks to Mr. Leo Keith Lamb for contributing his time and financial
support to make this E Book as free distribution for public download
A. What is Estate Planning?
Estate planning is the process of accumulating and disposing of
wealth before death of individual of group of owner known as
estate owner including married couple. It aims is to maximize
the wealth of the estate owner. The most important goal of
estate planning is to make sure that the greatest amount of the
estate passes to the estate owner's intended beneficiaries while
paying the least amount of taxes.
I. Why you need estate planning
When you are young, you try to accumulate your wealth
through various investment planning. At some points in your
life, you get marry and have children. You need estate planning
to ensure that your wealth is passed through your family while
you are alive. You need to draw up a will and your family is
named as beneficiaries because you don't want the court decide
who will get your wealth. You also want to ensure that the
wealth is passed your beneficiaries with least amount of taxes.
Life insurance plays an important role in any estate planning,
because life insurance is not taxable and it usually used to pay
taxes for your beneficiaries.
II. Estate planning purpose
1. Setting objective