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Article: CAREFUL PLANNING MAY EASE BURDEN OF TAX-EFFECTIVE ESTATE DISTRIBUTION
- Article from:
- THE JOURNAL RECORD
- Article date:
- April 13, 1988
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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It's amazing how a soap opera can spin out of a poorly executed
will.
Mistakes and oversights in estate planning can cause anguish for
those beneficiaries the will was intended to protect. And yet a
reluctance to dwell on the topic of death often prevents individuals
from making sound judgments and planning prudently. Wills, as a
result, tend to get short shrift.
Some families can be suddenly faced with complex decisions,
particularly issues regarding taxes, after a member's death.
Appointed executors, often friends and associates, are often
presented with a major job they are unprepared to handle. Careful
planning, however, can ease the burden.
The executor is the person ...