Protect Your Loved Ones From The IRS: Estate Planning
Protect your family from financial hardship with an estate plan. In today's world, so much of our time and energy is focused on "the now," that we often don't think about the future, nor do we want to. Although it may be easier to avoid the inevitable consequences of a family death in the short term, it will be more difficult for your loved ones to face adversity without a legally-recognized plan. The following advice will help you craft a preparation plan: Protect Your Assets With a Will Although we would all love to believe that we automatically have the legal right to our family's inheritance after death, the government will not recognize this as truth unless the testator (the will-maker) signs permission. When you sign a will, you assure that your assets will be distributed as you wish and will not be seized by the government. This is especially important if you plan to grant your family access to essential possessions like your home. Appoint a P