Concept information
Preferred term
estate planning
Definition
- Estate planning is the process by which an individual transfers property to his or her heirs and other beneficiaries while minimizing the associated costs and taxes. Estate planning can also ensure that one's financial and medical matters are handled as desired after incapacitation or death. [Source: Encyclopedia of Death and the Human Experience; Estate Planning]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/estate_planning
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