Estate planning can be a complicated process for many people. However, in can be helpful for some to separate the basic estate planning steps into two categories. The first considers the people who are involved in and benefit from the estate plan, and the second category focuses on the vehicles used to distribute the estate.
Choosing the people who will benefit from an estate plan may be subject to the benefactor’s preference. Different entities that commonly receive assets from a benefactor include family members and charitable organizations….