Most people don’t know which assets they need to include in their estate plan, and which ones the government will include (whether you plan for it or not) when calculating the value of your estate for tax purposes. When we help our clients identify which of their belongings to include, we most often find that they way underestimate the value of their assets and “stuff.”
In this short video, Larry Parman discusses the items to include in your estate plan, including the obvious and not-so-obvious ones, and the frequently overlooked wildcard. He also shows how “thinking like the government” will help you avoid the most common problems.
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)
- Estate Administration 101 - February 2, 2023
- Why Do You Need an Elder Law Attorney? - January 31, 2023
- Inheritance Planning for Blended Families - January 26, 2023
