AAEC 2104 Lecture Notes - Lecture 8: Community Property, Concurrent Estate, Testator
18 Aug 2016
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Chapter 17: estate planning:: saving your heirs money and headaches. Leave them nothing so they can make it on their own. Have a successful family business with many members of the family employed by it. Pit your children against one another and all against your spouse or vice versa. Leave varied amounts of money to family members with more going to the lazy and worthless family members because they need more help . Come on its 40 years away from now. It will directly affect you and your family members . And if done badly which is normally how it is done the only thing you will inherit are memories . Step 1: determine the value of your estate: what you are worth, how much you owe, estate"s net worth. = value of your estate level of estate"s liabilities. Level of your wealth determines tax planning needs.
