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Unformatted text preview: The Main Purposes for Estate Planning 1 The Main Purposes for Estate Planning Colleen Setters Kaplan University Basic Wills, Trusts and Estates for Paralegals 07:09:27 Preston Mighdoll The Main Purposes for Estate Planning 2 The Main Purposes for Estate Planning Lawyers, paralegals, and financial planners across the globe are the go-to people when it comes to estate planning. Estate planning is the methods used whereby a person can accumulate, manage, and dispose of real and personal property during their life and after their death. The purpose for estate planning is to help the client acquire and accumulate assets sufficiently substantial in order to meet their financial needs while still alive, and to ensure that there will be a need to plan for the distribution of those assets upon death. For the lawyers and paralegals their jobs are detailed aiming at meeting a clients short and long term financial needs. These professionals also prepare legal documents and if necessary file those documents, agreements and contracts, deemed necessary, on behalf of their...
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- Spring '11