Estate Planning

Financial Planning class. Must be 250 words must cite work.

Estate Planning 

• Discuss the principles of estate planning, and outline the initial steps that you would take in order to engage in estate planning. Justify your response.
• Describe three (3) types of taxes and transfer fees associated with estate planning and the distribution of your estate after your death. Discuss the fundamental reasons why it is important to consider these taxes and fees as you complete an estate plan. Provide a rationale for your response.