The basic reason you need an estate plan is because you do not want to leave essential estate questions unanswered. For example, your estate plan will allow you to decide who will inherit your property and how it will be distributed after you die. Should you fail to make these choices, your state will dictate who inherits. State law takes no notice of your personal desires, but distributes your possessions in accordance with its pre- established rules.
Topics covered in this report include:
- What is an estate?
- Why do you need an estate plan?
- What will a plan look like?
- How do you make a plan?
Click here to read the whole article or download the PDF.
Founder and Owner at Parman & Easterday
After helping his own family deal with a lengthy probate and the IRS following his father’s untimely death in a farm accident, Larry Parman made a decision to help families create effective estate plans designed to reduce taxes, minimize legal interference with the transfer of assets to one’s heirs, and protect his clients’ assets from predators and creditors.
Latest posts by Larry Parman, Attorney at Law (see all)
- Why You May Need a Trust Instead of a Simple Will - December 7, 2023
- Elder Law Answers: Government Benefits for Seniors - December 5, 2023
- Will Your Second Home Go Through Ancillary Probate? - November 30, 2023
