Explain the key benefits of estate planning provide at, Accounting Basics

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Explain the key benefits of estate planning provide at

"Estate Planning" Please respond to the following:

Explain the key benefits of estate planning. Provide at least one (1) scenario to show the impact that improper estate planning can have on family members.
Determine the financial impact to family members when proper estate planning has been done. Provide a rationale for your response.

Also there is an extra credit discussion, which is The link to Avoiding the squeeze: Trusts, estates, and the new ATRA tax regime by Robert S. Barnett is reflected in the Instructor Insights. Read the article and discuss at least two planning techniques can be used to prevent higher taxes on estate and trusts as a result of the legislation.

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Accounting Basics: Explain the key benefits of estate planning provide at

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