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Estate Planning Basics

Posted on Jul 15, 2015 in Estate Planning

Although the current state of estate tax law is uncertain, it is important not to lose sight of the many reasons estate planning is still essential. Protecting Assets. Individuals with a high net worth may be able to protect their assets from certain risks and business liabilities by the proper use of estate planning vehicles. For example, business owners who may be at risk for legal actions may want to protect their personal assets from the liabilities of the business. These individuals may want to establish an entity to operate their businesses or establish a family limited partnership or...

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