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Will It (My Home, My Life Insurance, Etc.) Be in My Estate?

June 23, 2022

From the Kiplinger website

As an estate planner for over 40 years,  I’m frequently asked whether a particular asset will “be in my estate?” It could be any kind of asset: life insurance, real estate, an employment contract. Rather than give my standard lawyer’s answer of “it depends,” the better answer is “define what you mean by ‘estate.’

When you die, your estate can have different meanings for different planning purposes. It can be your gross estate for the federal estate tax, your probate estate, or you may be thinking in terms of whether the asset will be available as part of your estate to pass on to your heirs. Which aspect of your estate you’re focused on will affect the answer to the question.  

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From → Finance

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