Tuesday, April 14, 2009

10 Estate Planning Moves To Make Now

Here is a Forbes.com quick comprehensive graphic article on 10 estate planning moves everyone should be making now. Forbes even includes a calculator that will tell you where your assets will go if you die without a will. Click HERE for the full graphic article.

For a preview of the Article by Forbes.com, here is one of the ten estate planning moves suggested by Forbes.com for everyone to make.

Give annual gifts to kids and grandkids --- "If you feel financially secure enough, one simple way to pass assets to your family free of state or federal estate tax is by making annual gifts. For 2009, you can give anyone you want (and as many people as you like) up to $13,000 in cash, stock or property without worrying about federal or state gift or estate taxes. Noncash gifts--say a cruise you treat the kids and grandkids to--count against the $13,000. You can also pay your grandkids' tuition or medical bills, without worrying about gift tax, so long as you send the check directly to the school or health care provider"

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