Estate planning is an opportunity to prepare in advance for both the unexpected and the inevitable. For many people, the estate planning process provides an opportunity to answer important questions like who would I want making medical decisions for me if I were no longer able to do so for myself?
**Both Wills and Trusts each have their own advantages, to fully protect your estate it may be a good idea to have a will and a trust
**Wills require probate, Trust do not
**Wills become public record, trusts are private
**With a will property and assets have to go through probate first before being transferred to beneficiaries
**With a trust property and assets put in trust bypass probate
At Tax Figures by Venus we Help Our Clients:
***Create and Update Wills, Living Trust and other Essential documents such as Health Care Directives and Financial Power of Attorneys
During your tax appointment we will be happy to review or create your estate plan!
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By: Tax Figures By Venus
Title: Estate Planning 101With Tax Figures By Venus
Sourced From: www.youtube.com/watch?v=yx9oV6oI4uE
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Did you miss our previous article...
https://trendingintaxation.com/videos/fin533-video-group-assignment-estate-planning-and-taxation-
