Difference between revisions of "Preparing a Will and Estate Planning"
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There are opportunities to transfer assets to beneficiaries outside of a will, without tax and other cost consequences. Doing so is called “estate planning” and is discussed at the end of this script. | There are opportunities to transfer assets to beneficiaries outside of a will, without tax and other cost consequences. Doing so is called “estate planning” and is discussed at the end of this script. | ||
==In a will, you name a person or company to be the “executor” | ==In a will, you name a person or company to be the “executor”== | ||
==The executor is responsible for: | The executor is responsible for: | ||
*safeguarding the estate (for example, changing the house insurance if the house is unoccupied or keeping any vehicle insured); | *safeguarding the estate (for example, changing the house insurance if the house is unoccupied or keeping any vehicle insured); | ||