It is often said that people take more time to plan a vacation than the do in planning how to arrange their entire estate. Estate planning is complex. Among other factors, it is about planning for risks, including untimely death and its consequences, ill health, the artificial sustaining of life, the inability to manage property, the immaturity of heirs, and the individual state intestacy rules of asset distribution that may be totally inconsistent with a person’s wishes. In summary, estate planning is about the transfer of property, either during life or at death, the ways to effect those transfers, and the risks associated with those transfers.
Visit Junkin & Co below for more information or call us 800-792-5110.