FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R9yqnXWcGhtBOudF4GuEVPs
Label Estate Planning Practice
Preferred Label N/A
Identifier N/A
Alternative Labels
Asset Planning Practice Estate Preparation Practice Legacy Planning Practice Succession Planning Wealth Planning Practice

Definition

Estate Planning Practice involves the preparation and arrangement of an individual's estate to manage and distribute assets during their lifetime and after death. It includes creating legal documents such as wills, trusts, and powers of attorney to ensure that an individual's wishes are followed and to minimize taxes and legal complications.

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Additional Information

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