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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 8 Written Assignment

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Q Instructions Please answer the following short answer essay questions. Each response should be approximately 500 words, using proper APA format and citation. Each question is worth 25 points, except where noted. 1. What is meant by estate planning? What are its objectives and tools? 2. What are the various provisions in a typical written will?

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1. Estate planning is the strategy towards expecting and organizing, during an individual's life, for the administration and removal of that individual's bequest during the individual's life, in the occasion the individual gets debilitated and in the afterlife. The arranging incorporates the endowment of resources for beneficiaries and may incorporate limiting blessing, home, age skipping move, and duties. Bequest arranging incorporates getting ready for inadequacy just as a cycle of lessening or wiping out vulnerabilities over the organization of a probate and boosting the worth of the home by diminishing duties and different costs.