What is probate? Describe the probate process.
Answer to relevant QuestionsDefine personal financial planning. What types of decisions are involved in a personal financial plan? Discuss estate taxes. When is an estate subject to and not subject to estate taxes? What is the range of federal estate tax rates? What other taxes may be levied against an estate? If Brad really wishes to provide for his nephews’ college education, how can a will help him achieve that goal? What else might Brad consider to ensure his nephews’ college education? How does purchasing sufficient health insurance and disability insurance help protect and maintain your wealth? You have a $ 7,000 balance on your car loan at 11% interest. Your favorite aunt has just left you $ 10,000 in her will. You can put the money in a money market account at your bank and pay off your car loan, or you can ...
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