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#29: Your Will and Estate: Will It Do What You Want It to Do?

Included for Business Owners: How to Integrate Ownership into Your Family Plan

The most common mistake is not having a legally valid or up-to-date will. But equally dangerous is having a will that does not do what you want it to do. Mistakes you make in your will are much more expensive than other financial planning mistakes, because usually they are discovered only after your death, when it’s too late to correct them.

A well-designed will can save your heirs enormous taxes, provide for immediate living expenses of your dependents, distribute your assets according to your intentions and on a schedule of your choosing, and minimize the disruption to your business.

This Resource Report highlights the critical areas to review as well as the most common mistakes and how to avoid them.

Other topics: Designating beneficiaries, choosing an executor/executrix, distribution terms and strategies, joint ownership, trusts and custodial accounts, estate tax considerations, irrevocable transactions, insurance options, and a Family Information Roadmap of all the information your heirs will need to administer your estate and distribute its assets.

#29: Your Will and Estate: Will It Do What You Want It to Do?
Price: $39.00   |   Pages: 31

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  • Four Action Alerts on Purchasing, Inventory, and Suppliers
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  • Use of a Living Trust Is Not for Everyone
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  • What Investment and Workshop Expenses Are Tax Deductible?
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Our Idea of the Month are brief articles designed to help you save money, protect your assets, make more-informed decisions, and increase your personal and business wealth.


Tom MartinThe Ideas of the Month are principally written by Thomas J. Martin, publisher and president, author, lecturer, consultant, investment banker, college professor, and founder of our publishing company in 1977. For 39 years, Tom has helped hundreds of businesses and individuals on many of the topics covered on this website. The Case Studies are actual, real-life examples of how businesses and individuals solved problems, took advantage of opportunities, and met big challenges. For subjects covered, please see Solutions (15 Critical Subject Areas) in the Menu Bar at the left side of this page. Enjoy and we look forward to reading your comments

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