Let’s say you decide to create an inheritance plan. How do you do this? What inheritances are you legally obligated to leave behind? What are you allowed to do, and what are you prevented from doing? While your attorney will explain your options in more detail, you need to understand that when it comes to inheritance planning, you have almost complete freedom to make whatever inheritance choices you want. While you are restricted from making certain inheritance choices if you are married, you are otherwise under no legal obligation to leave an inheritance to anyone.
Topics covered in this report include:
- Not Having an Inheritance Plan
- Inheritance Choices
- Estate Taxes
- Developing a Plan
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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)
- What Happens to Assets When Creating a Trust? - February 27, 2017
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