Why do estate planning? Answer No. 6 minimize tax burdens.
Many people do not understand the consequences of failing to properly plan. I recently read a story regarding James Gandolfini’s will. See here http://www.abajournal.com/news/article/gandolfini_will_is_a_tax_catastrophe_estates_lawyer_says/?utm_source=maestro&utm_medium=email&utm_campaign=weekly_email. An inappropriate estate plan lead to a death tax of approximately $30 million.