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Even without a 'death tax' estate planning will be necessary

As the U.S. Congress debates the tax reform plan championed by the Trump administration and Republican lawmakers, many people with considerable assets to leave their families look forward to taking advantage of one of the plan's key elements if it passes. That's the elimination of the estate tax -- commonly known as the "death tax."

What happens when multiple beneficiaries inherit a home?

Sometimes when creating their estate plan, parents will place their home in a trust and designate that it will be divided among their adult children after they have passed away. They may feel like this is the fair way to handle it because the children will each own an equal share.

After divorce, don't forget to revise your estate plan

Once you've signed your divorce decree, you likely never want to look at another legal document or talk to a lawyer again -- or at least for some time. However, it's essential that you review and revise your estate planning documents as soon as possible.

What are the benefits of a revocable living trust?

It can be a very daunting prospect to consider how to set up your will or living trust. There are many options, and choosing the right one for you will depend on your circumstances. However, a revocable living trust remains to be a viable and flexible option for many people.

Even young, single people should do some estate planning

Too many people don't consider getting a will or any sort of estate plan until they have children or, if they remain child-free, when they get into their senior years. Even then, too many do not. More than three-quarters of millennials have no will. Fewer than two-thirds of Generation X (people in their late 30s through early 50s) have one. Only half of people between 53 and 71 do. Only 36 percent of people with minor children have a will.

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