Question

Why is estate planning important?

Answer 1

Stops Heirs From Overpaying In Taxes. Estate planning is all about protecting your loved ones, which means in part giving them protection from big tax hits. Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest tax burden for them as possible.

Answer 2

Estate planning is it important because it allows you to maximize the amount of money that you pass on to your heirs. Estate planning is quite complicated and often involves emotional decisions. It is also important because you want to minimize estate taxes as much as possible.