the best definition of estate planning is a. assets less liabilities b. a definite plan for managing property during one's lifetime and at one's death c. naming a beneficiary d. savings e. a will

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17-12-2022
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the best definition of estate planning is a. assets less liabilities b. a definite plan for managing property during one's lifetime and at one's death c. naming a beneficiary d. savings e. a will

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Tundexi Tundexi · Answer 1 · 2022-12-23T10:42:14+01:00

The best definition of estate planning is a definite plan for managing property during one's lifetime and at one's death. The Option B is correct.

What Is Estate Planning?

Estate planning means preparation of tasks that serve to manage an individual's asset in the event of their incapacitation or death. Its includes the bequest of assets to heirs and the settlement of estate taxes. Most of estate plans are set up with help of an attorney experienced in estate law.

That said, we can conclude that estate planning involves determining how an individual’s assets will be preserved, managed and distributed after death or in the event they become incapacitated.