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Estate Planning

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How LLCs Affect Estate Plans

Learn how an LLC affects estate plans and why it may be the best choice for a closely-held family business.

What Documents Impact Future Health Care?

You can incorporate documents into your estate plan that impact how your family or other appointees make decisions about your future health care. Health care wishes are usually documented in one or more of three forms: a living will, a health care proxy appointment and a do-not-resuscitate order.

Generosity Might Come with Unintended Consequences

Whether you want to provide for your heirs now or in the future, there are usually financial consequences related to how you go about distributing your assets. You can do so in the form of estate planning, which involves creating documents such as wills and legal vehicles such as trusts to establish how your assets are handled after your death. In some cases, you might want to pass on some assets prior to your death, but if you aren't careful, you could end up with a tax bill for your trouble.

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