AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
In the face of the possible repeal of the estate tax, many individuals are increasingly interested in what impact such a move might have on their estate plans. In order to begin to understand why estate planning should continue, individuals should revisit the definition of and reasons for conducting such planning in the first place.
Why plan? Estate planning is a concept that is greatly misunderstood by many people. In simple terms, it is lifetime planning for the passage of assets in accordance with the estate owner's wishes -- at the least possible tax cost.
By neglecting to make a will, you have left your estate planning to your state government, with possible adverse results. A local court will have to appoint an administrator to …