Estate planning results in
A)protecting your wealth against unnecessary taxes.
B)sheltering your wealth against all taxes.
C)ensuring that your wealth is distributed in the manner that the court determines.
D)eliminating all controversy in your family.

Question

Quizplus · Accepted Answer

Estate planning helps to minimize the amount of taxes that will be paid on your estate after you pass away. While it cannot entirely eliminate taxes, proper estate planning can minimize them, which helps to protect your wealth. Option B is incorrect because no one can shelter their wealth against all taxes. Option C is incorrect because proper estate planning allows you to determine how your wealth is distributed, rather than leaving it to a court to decide. Option D is incorrect because estate planning cannot eliminate all controversy among family members, but it can help minimize potential conflicts by providing clear instructions and estate distribution plans.

Estate Planning Results in