Estate planning involves
A)considering how your wealth can be most effectively passed on to heirs.
B)payment of all back taxes.
C)dissolution of all privately held corporations.
D)valuation and auctioning of your valuables.
E)planning retirement.

Question

Quizplus · Accepted Answer

Estate planning involves various legal and financial strategies to ensure your wealth is effectively passed on to your heirs after your death. It may involve creating a will or trust, minimizing estate taxes, choosing appropriate beneficiaries, and creating a plan to manage any businesses or assets you have. Payment of back taxes, dissolution of corporations, valuation and auctioning of valuables, and retirement planning may all be part of estate planning, but they are not the primary focus.

Estate Planning Involves