Estate Financial Planning
The primary objectives of estate planning are...
- To secure to the property owner during his/her lifetime the maximum benefits available from the
possession and
use of his/her property.
- To enable that property owner to transfer that property to the surviving members of his/her family (or
other
desired beneficiaries) with a minimum of shrinkage from death taxes and other transfer costs. Estate
planning is,
therefore, concerned primarily with...
a. Minimizing income, estate, and inheritance taxes
b. Reducing probate and associated property transfer taxes
c. Conserving and enhancing principal currently and after death
Such planning must be consistent with the desires of the client for the lifetime use and the testamentary
disposition of the client's property to his/her surviving beneficiaries. For Estate Financial Planning assistance, contact
Krumm & Associates,
CPA's & Consultants.
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