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Estate Planning is the process of managing a person’s estate during his or her lifetime. Estate Planning is an art to manage one’s estates, utilizing wills or power of attorney, tenancy, etc. Estate Planning is the skillful management on the estate to avoid any excess tax, if any, which may result due to non managed property. Estate planning is also aimed at a succession of the estate, which otherwise may not be appropriately distributed among the person’s successors. An unmanaged estate, devoid of any estate planning, may lead to chaos and unwanted circumstances to creep up and then result in factions between survivors. A majority of people now go for estate planning to avoid violent events leading into property succession
Do you have a young child aged six or seven? Are their teeth perfectly arranged or is it possible they could benefit from orthodontic treatment? A child can have an early orthodontic evaluation as soon as age six or seven and this can be enormously beneficial. By this stage one of our excellent pediatric dentists in Brooklyn can detect any early problems that may be developing. By carefully assessing their teeth, jaws and facial structure, we can determine if it is possible they will benefit from seeing an orthodontist for a full evaluation. Sometimes treatment may not be necessary at this age, but an early examination in can help determine the optimal time for periodontic treatment to begin. What are
While talking about estate planning, many people think that it is meant only for the old and the wealthy people, however, irrespective of the age and the economic value of the assets an individual own estate planning must be done by everyone. Estate planning is not only about the dispensing of the assets after your demise but also about planning for yourself and your family while you are alive. Every individual requires different estate planning depending on the type and value of their estate. It may be a will or a trust, which you can decide by discussing with your attorney. Estate Planning- While most people think that estate planning means creating a will, however, it is much more than
After getting married one of the most important legal decisions that a couple takes is of estate planning. Estate planning is a way of ensuring that after you are gone, your spouse and your children are well taken care of. Thus, this article pertains to the various elements that a married couple must consider while estate planning. Proper and well-documented planning is the best way to distribute your assets among your loved ones. What Is Estate Planning? Estate planning is a legal procedure through which you can distribute all your belongings and assets among family members and friends who you intend to. Since it has to be done legally, care must be taken while distributing the assets to avoid a
Everyone leaves behind an estate. Everything you own, movable and immovable possessions form a part of your estate. Your children will be grateful that you did your estate planning well beforehand and left them with clear instructions about your wishes. It not only reduces the legal hassles but also helps your heirs avoid conflict and reduce costs of inheritance. What Exactly Is Estate Planning? Man is mortal, and there will be a day when he leaves back his mortal possessions. To smoothen the process, you can plan in advance and name the people who you want to leave your things to after you die. The need of the hour is to plan the process well. This is important so that