What is the most important part of estate planning?

Question

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Answer 1

A will or trust should be one of the main elements of your estate plan, even if you do not have many major assets. Wills, if drafted in conformity with state laws, ensure that property is distributed according to an individual's choices.

Answer 2

For me the most important thing in estate planning is comfort, the buildings have to be built in a way that will be suitable and very comfortable for people.

Answer 3

Estate planning is all about protecting your loved ones, which means in part giving them protection from the Internal Revenue Service (IRS). 

Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest possible tax burden for them.

Answer 4

That’s because the main component of estate planning is designating heirs for your assets, whether it’s a summer house or a stock portfolio. Without an estate plan, the courts will often decide who gets your assets, a process that can take years, rack up fees, and get ugly.