Estate Planning Explained
62 videos • 258 views • by David Ceruolo In these videos, Attorney David Ceruolo discusses: Why should you make Estate Plan...Why you should make Estate Plan...When make Estate Plan? Why make Estate Plan. Also: HowTrusts differ from Life Estates...Compare power of attorney types....and...What is a Right of Survivorship. David explains: What is estate planning and why is it important. What does an an Estate Planning Attorney do? Should you have an Estate Plan? David gives an estate planning definition. Then, Dave then explains: when should you have an estate plan; and, when should you make an estate plan. Make an Estate Plan...Making an Estate Plan...Why Make Estate Plan. Should you make Estate Plan? Estate Planning Definition: Estate planning involves planning for how an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s properties and financial obligations in the event that they become incapacitated. Assets that could make up an individual’s estate include houses, cars, stocks, paintings, life insurance, pensions, and debt. Individuals have various reasons for planning an estate, such as preserving family wealth, providing for surviving spouse and children, funding children or grandchildren’s education, or leaving their legacy behind to a charitable cause. The most basic step in estate planning involves writing a will. Other major estate planning tasks include the following: Limiting estate taxes by setting up trust accounts in the name of beneficiaries; Establishing a guardian for living dependents; Naming an executor of the estate to oversee the terms of the will; Creating or updating beneficiaries on plans such as life insurance, IRAs and 401(k)s; Setting up funeral arrangements; Establishing annual gifting to qualified charitable and non-profit organizations to reduce the taxable estate; Setting up a durable power of attorney (POA) to direct other assets and investments. what is estate planning; why is estate planning important; estate planning explained; estate planning definition; estate planning what is; what is estate planning definition; why do you need estate planning; estate planning defined; what is the meaning of estate planning; what does estate planning mean; david ceruolo; ceruolo and associates; ceruolo law; #davidceruolo; #ceruololaw; #estateplanning; what does estate plan mean; meaning of estate planning; what is estate planning attorney; why get estate plan; why do an estate plan; why make an estate plan; what does estate plan mean; what is the meaning of estate plan; #estateplanningattorney #estateplanninglawyer #lastwillandtestament #healthcareproxy #powerofattorney #davidceruolo #ceruololaw #melroseestateplanning #estateplan #wakefieldestateplan #peabodyestateplan; when should I make an estate plan; when should you make an estate plan; why should I make an estate plan; when should you make an estate plan