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Posts tagged "Estate Planning"

Business succession is a key part of the estate planning process

Many individuals draft wills once they accumulate assets or when they marry, get divorced or have kids. Others may simply have a power of attorney drawn up to allow someone else to make health care or financial decisions on their behalf. Few engage in business succession planning, though.

Family conflicts threaten estate plans more than taxes do

Oftentimes, when you hear about estate planning being discussed in the media, you hear how individuals are seeking to reduce the tax obligations that their estate and beneficiaries are left paying. A recent TD Wealth study suggests that taxes shouldn't be your biggest concern though, but instead the prospect of relatives contesting your will should be.

Why is it important to have an estate plan in place?

While many have been conditioned to think that estate planning is only for the wealthy, it's not. It's actually for anyone who wants to take ownership of what happens to them or their assets if they become incapacitated or die. People of all means can benefit from drafting an estate plan.

Choosing a power of attorney in New York

It's not easy to talk about end of life plans with your significant other or even your adult children. No one wants to think about death. However, it is important so you are prepared and your family is not left in the lurch. One of the most important parts of planning your estate is picking a power of attorney. Following are some tips for making the selection.

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