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)
- Special Needs Planning: Life Enhancements With No Loss of Benefits - May 19, 2022
- Five Ways a Trust Can Be Better Than a Will - May 17, 2022
- Do All Estate Transfers Go Through Probate? - May 12, 2022
