- Tax Planning
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
- Introduction
- Understand the Principles of Estate-Planning
- Understand the Importance of Estate Planning and the Goals of Estate Planning
- Understand the Estate-Planning Process
- Know How Trusts Can Be Used to Your Advantage in Estate Planning
- Understand the Importance of Wills and Probate Planning
- Summary
- Assignments
Understand the Estate-Planning Process
There are four steps in the estate planning process:
- Determine how much your estate is worth.
- Choose your heirs and decide on the assets they will receive.
- Determine the cash needs of the estate and calculate your estate taxes.
- Select and implement estate-planning techniques to maximize goals and minimize taxes.
Estate planning is the process of using your assets wisely in order to achieve your personal goals even after you die. If you prepare well before you die, there is a greater chance that you will be able to achieve your personal and family goals even after you die.
