MCS 2100 Lecture Notes - Lecture 15: Tax Rate, Settlor, Inter Vivos

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2100
• Professor: Rosemary Vanderhoeven

Document Summary

While working objective is to accumulate for your future and for your dependents: hard-earned wealth should go to those whom you wish to support. Estate planning definite plan for the administration and disposition of one"s property during one"s lifetime and at one"s death: handling your property while you are alive and what happens to that property after your death. Estate planning has two components: building your estate through savings, investment and insurance, transferring your estate, at your death, in the manner you specify. Estate plan usually implemented by a will or one or more trust agreements. Money matters require legal and technical advice. Can have significant impact on one"s estate planning. Divorce and separation may affect validity of part or all of a will. Good read on p. 451 lots of information but don"t know how important it is for notes. Plan your estate while you are in good health and think through provisions carefully.