Estate planning is the process of arranging for the management and disposal of a person’s assets and affairs after their death or incapacitation. It involves creating legal documents, such as wills and trusts, to ensure that an individual’s wishes regarding their property, finances, and healthcare are followed. The primary goals of estate planning are to minimize taxes, avoid probate, and provide for the timely distribution of assets to beneficiaries. It also includes considerations for guardianship of minor children and making medical decisions if the individual is unable to do so. Effective estate planning allows for peace of mind, ensuring that one’s legacy is carried out as intended.
```html The Deferred Sales Trust (DST) offers a flexible method for deferring capital gains taxes, enhancing financial agility in real estate transactions. By converting sales into installment arrangements, the DST…