Estate planning involves
A) considering how your wealth can be most effectively passed on to heirs.
B) payment of all back taxes.
C) dissolution of all privately held corporations.
D) valuation and auctioning of your valuables.
E) planning retirements.

Question

Quizplus · Accepted Answer

Estate planning involves considering how your wealth can be most effectively passed on to heirs. This includes creating a will or trust, designating beneficiaries, minimizing estate taxes, and protecting assets for future generations. Payment of back taxes, dissolution of privately held corporations, valuation, and auctioning of valuables are not necessarily part of estate planning, though they may be important considerations depending on individual circumstances. Retirement planning is also important, but it is a separate topic from estate planning.

Estate Planning Involves