Author Question: As you get older and accumulate wealth, it is important to keep abreast of (Read 97 times)

bucstennis@aim.com · **on:** Apr 14, 2019

Question 1

In setting goals for estate planning, you should consider all of the following
except

◦ creating a will.
◦ waiting until just the right time to engage in planning.
◦ establishing a plan for trusts or gifts.
◦ determining the need for a living will.

Question 2

As you get older and accumulate wealth, it is important to keep abreast of

◦ gift tax laws in order to avoid potential estate taxes.
◦ estate tax laws regarding the tax free estate limits.
◦ tax law regarding use of trusts to avoid estate taxes upon your death.
◦ You should consult an attorney who specializes in estate planning routinely about All of these factors.

jennafosdick · **Reply #1 on:** Apr 14, 2019

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