What real and personal property do they own? What funeral arrangements are appropriate? Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence. For more information, please see our research guides. Request a Research Consultation, next: Books and Treatises Georgetown University Law Library. Introduction, this guide is intended as an introduction to resources for research in estate planning and estate and gift taxation. However when you put property in this type of vehicle, you are giving up ownership and control. Most Americans like to maintain control, so they opt for the living revocable trust.
These guides may be used for educational purposes, as long as proper credit is given. Does a personal guardian need to be appointed to care for minor children? Estate planning is the process of anticipating and arranging for the disposal of an estate. Guardians are often designated for minor children and beneficiaries in incapacity. Your estate consists of all property owned by you at the time of your death, including: real estate, bank accounts, stocks and other securities, life insurance policies and personal property such as automobiles, jewelry, and artwork. Research Guides Comments form. Though often overlooked or put off in favor of more immediate concerns, a comprehensive estate plan can resolve a number of legal questions that arise whenever anyone dies: What is the state of their financial affairs? Update History, williams Library Reference, reference Desk : Atrium, 2nd (Main) Floor (202) 662-9140.
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