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Simplifying estate planning: The value of expert guidance
Mint Kolkata
|December 25, 2024
Engaging a professional like estate planning attorney who has expertise in her/his field, is very important.
Do I need the help of a professional estate planner? -Name withheld on request
They can offer invaluable suggestions and guidance through the often complex and nuanced legal and financial aspects of estate planning. Their knowledge can be instrumental in various tasks, such as drafting essential legal documents including wills, trusts, powers of attorney, and healthcare directives.
A seasoned estate planner can also conduct a thorough evaluation of potential tax implications, helping clients understand how their estate might be subject to taxes both during their lifetime and after their passing.
They can also identify and recommend suitable strategy to minimize tax burdens, such as charitable giving or effectively utilizing exemptions.
This story is from the December 25, 2024 edition of Mint Kolkata.
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