An estate plan establishes the efficient and effective distribution of assets after death, using the Will as its primary legal instrument. An estate plan can:
• Minimize or defer taxes otherwise payable at death
•
Minimize probate fees
• Establish trusts that can bring advantages
•
Ensure that beneficiaries are looked after
On a more practical level, estate planning is needed to provide family members with immediate and sufficient income in the event of an untimely death.
Estate planning has become far more complex, and Garfinkle, Biderman is increasingly called upon to preserve the value of assets as they are passed from one generation to another. |
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