Chapter 10
Excelling in Estate Planning
IN THIS CHAPTER
Creating an estate planning checklist
Brushing up on federal and state estate tax laws
Anticipating dysfunction and disagreements
Enabling clients to leave a legacy of giving
Collaborating with other estate-planning professionals
For many people, the word “estate” conjures up images of an estate in the country — a mansion situated on a large expanse of land with servants, cooks, and groundskeepers. Clients often think that estate planning is only for the ultrarich. However, this chapter focuses on a different definition of estate — all the money and property owned by a person, however much or little that may be. Under this definition, nearly everyone owns an estate and can benefit from estate planning — the process of preparing for the management and distribution of assets to one’s heirs or beneficiaries during and after one’s life in a way that minimizes taxes, expenses, and disputes.
In this chapter, I provide guidance on ...
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