Using the Internet to Obtain Information about Estate Planning, visit the Prudential Insurance Company of America...

Using the Internet to Obtain Information about Estate Planning, visit the Prudential Insurance Company of America (Links to an external site.)Website. Gather information on various estate planning topics such as an estate planning worksheet; whether you need an estate plan; when to update your plan; estate taxes, wills, executors, trusts, etc. Then prepare a report to help you develop your personal estate plan.

Expert Solution

Estate planning is something which many individuals overlook thinking that people need to have a really large amount of property before they need to worry about things like estate planning. However, they fail to realize that the cost involved in estate planning saves the time and expenses of probate court.

Personal Estate Plan:

Making a will: This will ensure and document whom my wealth will go to after my death
Preparing a trust: Having property in the name of a trust ensures that my survivors do not need to change ownership rights of each property which could be very expensive as well as time-consuming.
Executor: After my death, this person will have the power or right to ensure that the wills are executed properly.
Life Insurance: A very important part of the estate planning worksheet is life insurance. It will give a lump sum amount or a series of regular payments to my survivors after my death so as to secure my family financially.

jeff jeffy answered 2 years ago

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