Estate planning is the preparation of tasks to manage a person's asset after their death or when they are not in capacity to manage their own assets. The planning includes the distribution of assets to heirs as well as the payment of estate taxes.
What is included in estate planning?
Houses, cars, stocks, artwork, life insurance, pensions, and debt are examples of assets that could be included in an individual's estate. Individuals plan their estates for a variety of reasons, including preserving family wealth, providing for a surviving spouse and children, funding children's or grandchildren's education, or leaving a charitable legacy.
Basic steps in estate planning
write a will
setting up trust accounts in the names of beneficiaries
setting up a guardian for living dependents
appointing an executor of the estate to oversee the will's terms
adding or changing beneficiaries on life insurance, IRAs, and 401(k)s
making funeral arrangements
to reduce the taxable estate, make annual gifts to qualified charitable and non-profit organisations
creating a lasting power of attorney (POA) to direct other assets and investments
What happens if I forgot to do estate planning?
Estate freezing and delay in mobilising the assets.
什么是遗产规划？
遗产规划是在一个人死后或当他们没有能力管理自己的资产时，为管理他们的资产而准备的任务。规划包括向继承人分配资产以及支付遗产税。
遗产规划包括哪些内容？
房屋、汽车、股票、艺术品、人寿保险、养老金和债务都是可以包含在个人遗产中的资产示例。个人出于各种原因规划他们的遗产，包括保存家庭财富、供养未亡配偶和子女、资助子女或孙子女的教育，或留下慈善遗产。
遗产规划的基本步骤
写遗嘱
以受益人的名义设立信托账户
为活着的家属设立监护人
任命一名遗产执行人来监督遗嘱的条款
添加或更改人寿保险、IRA 和 401(k)s 的受益人
安排葬礼
减少应税遗产，每年向合格的慈善和非营利组织捐赠
创建持久授权书 (POA) 以指导其他资产和投资
如果我忘记做遗产规划怎么办？
财产冻结和资产调动延迟。
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