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Essay / Research Paper Abstract
This 20 page paper discuses both financial planning and estate planning. The writer uses a hypothetical couple in their late twenties and with two young children for illustrative purposes. Several aspects of financial planning are discussed including the need for budgeting, investing for retirement, and investing for college costs for the children. The writer then moves into estate planning and explains wills and probate, Living Trusts, gifting, naming beneficiaries on retirement accounts, life insurance policies and annuities and Charitable Remainder Trusts. The discussion includes estate taxation and the strategies for reducing this liability. Bibliography lists 10 sources.
Page Count:
20 pages (~225 words per page)
File: MM12_PGfinpln.wps
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