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Estate Planning
Estate planning
is the process of accumulating and disposing of an
estate
to maximize the goals of the estate owner. The
various goals of estate planning include making sure
the greatest amount of the estate passes to the
estate owner's intended
beneficiaries,
often including paying the least amount of
taxes
and avoiding or minimizing
probate court
involvement. Additional goals typically include
providing for and designating guardians for minor
children and planning for
incapacity.
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