Business, Legal & Accounting Glossary
Estate Advisors determine how your assets will be distributed in the event of your death or physical or mental incapacitation. Without proper estate planning your assets may not be distributed to your heirs in the desired manner. Common elements include appointing a power of attorney and determining whether a trust should be set up. Creating a will keeps your assets out of the probate process. It is also important to know the pertinent tax implications.
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This glossary post was last updated: 26th April, 2020 | 3 Views.