By : Rianne Hunter
When you are in the midst of writing a will or creating an estate plan, it can be helpful to do some research on your own to be aware of the management of your estate. Even if you have hired an estate planning lawyer, reading through these resources can ensure that you feel comfortable, confident and at ease about your estate plan. Here are five excellent resources that you can use to become more informed about the process of drafting a will or maximizing exemptions for an estate plan.
1. The IRS Tax Guides
It may seem counter-intuitive, but the IRS website is a great place to start for the most accurate information on the application of estate and gift taxes. The website features an FAQ that answers common tax questions and also provides real-world examples of how to handle tax situations. These situations may mirror your own. In addition, some of the informational pieces also synthesize complex tax law cases into common language so it is understandable.