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CITY BAR CENTER FOR CLE Agenda HOT TOPICS IN ESTATE PLANNING 2010 6:00 6:05 Introductions Merrier J. Rebel Thursday, May 13, 2010 / 6:00 p.m. to 9:00 p.m. 6:05 6:30 Update on Federal Tax Legislation

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What is estate planning - new?

Estate planning is the process of arranging and managing one's assets, properties, and financial affairs in order to ensure their proper distribution and minimize taxes upon death.

Who is required to file estate planning - new?

Estate planning is not something that is typically filed, but rather it is a process that individuals undertake to manage their assets and plan for the distribution of their estate after death. However, there may be certain legal requirements or regulations specific to each jurisdiction that individuals need to follow regarding estate planning.

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Filling out estate planning involves creating legal documents such as wills, trusts, powers of attorney, and healthcare directives. It is recommended to consult with an estate planning attorney or professional to navigate through the process and ensure compliance with applicable laws and regulations.

What is the purpose of estate planning - new?

The purpose of estate planning is to secure and protect an individual's assets and ensure their designated beneficiaries receive them in accordance with their wishes. It also helps to minimize taxes, avoid probate, appoint guardians for minor children, and plan for potential incapacity or disability.

What information must be reported on estate planning - new?

Estate planning itself doesn't require reporting, as it is a process rather than a filing. However, certain legal documents involved in estate planning may require disclosing detailed information about assets, beneficiaries, and designated representatives.

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