by Mei Ling Lin
When you working on your estate plan, you need to clearly know about how do your make your estate more security, and how do you help your heir to avoid the estate tax after you die. Most of people misunderstand the rules in the estate plan documents that they sign. For example, you want to ensure that your wife and children can get specific amount of money after you die.
Also, you are afraid of your wife remarried to the gold digger, then your children may not have money for their future. Therefore, you need clearly understand how the rules affect your heirs. If you divorce, then you need make sure the names in the list of your heirs. Because you still can change the name of your heirs when you are live, but if you die, you cannot any change.
In addition, some people scared that their heirs need to pay a lot of estate tax, and after that, the heirs cannot get the amount that they give to the heirs. Sometime, the heirs cannot sell the non-liquidity estate as soon as possible, because it will take times to sell the real estate, like house or stock.
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