Description
Estate planning encompasses the accumulation, conservation, and distribution of an estate. The purpose is to develop a plan that will enhance and maintain your financial security. All the property or property rights that a person owns, even those from which a lifetime benefit will never be received, such as life insurance proceeds or survivor annuities.
Modern estate planning focuses on all property-ownership rights (real, personal, tangible, and intangible), attempting to make appropriate agreements for them during the estate owner’s life and to provide for their orderly transfer at death.
