The best gift you can give your loved ones is to have your Estate Planning complete.
Unfortunately, to a great extent, misinformation about critical legal terms such as inheritance tax, estate tax, probate, avoiding probate, simple will, living will, and living trust, tends to lead to misunderstandings of estate planning.
These misunderstandings, in turn, tend to lead to mistakes in estate planning.In an effort to eliminate such misinformation, misunderstandings, and mistakes, this article will hopefully serve as a primer – in very simple terms – of the basic, core issues and legal terms of Estate Planning and its basic documents.