When you hear the phrase â€śestate planning,â€ť the first thought that comes to mind may be taxes. But estate planning is about more than just reducing taxes. Itâ€™s about ensuring your assets are distributed according to your wishes and your loved ones are provided for long into the future.
If you havenâ€™t prepared an estate plan, Doeren Mayhewâ€™s interactive web 2016 Estate Planning Guide will help you get started. And if you already have a plan in place, the guide may offer strategies you currently may not be employing â€” including tools to help lock in the benefits of higher exemptions and lower tax rates while theyâ€™re available.
Become familiar with important tax considerations related to your estate
Learn how your lifetime and charitable givings impact the recipient and your estate
Protect your business and its assets after you are gone
This guide is certainly no replacement for professional financial, tax and legal advice. Work with your trusted team of advisors, including your CPA firm, to review your estate planning options or make any changes to your current plan.