Understanding Estate Planning Law: Why You Need It and How to Go About It
Estate planning law is an important aspect of financial planning that is often overlooked by most people. It entails legal arrangements and structures that outline how a person's assets and liabilities will be managed and distributed in the event of death or incapacitation. Despite its importance, few people have estate plans. This is a concern as families may enter into legal battles over inheritance and potentially leave an enormous tax bill.