Estate planning
A) protects your wealth against unnecessary taxes.
B) shelters your wealth against all taxes.
C) ensures that your wealth is distributed in the manner that the court determines.
D) involves saving to purchase a large country estate.

Question

Quizplus · Accepted Answer

Estate planning helps protect your wealth against unnecessary taxes by utilizing legal strategies and tools, such as trusts, to minimize tax liabilities and maximize the amount of wealth passed down to your beneficiaries. It does not, however, shelter your wealth against all taxes, ensure distribution according to court determinations, or involve saving for a large country estate.

Estate Planning