BusinessAttorneyDirectory.com
" Welcome to The Attorney Directory"
26. State Planning

Estate planning: an overview

An estate is the total property, real and personal, owned by an individual prior to distribution through a trust or will. Real property is real estate and personal property includes everything else, for example cars, household items, and bank accounts. State planning distributes the real and personal property to an individual's heirs.

Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death. A major concern for drafters of estate plans is Federal and state tax law.

Home | Contact Us | BusinessPlans.com

This site is designed for the members of BusinessPlans.com. All unauthorized use of content or materials is strictly prohibited with out the express consent of BusinessPlans.com, Inc. ©2004 BusinessPlans.com, Inc. All rights reserved. This site designed and maintained by Waysmart Productions .