An estate plan should evolve and change as people age and family circumstances change. One goal should be to minimize and defer the tax on your death until the time your heirs sell the assets. Strategies can also be implemented during a person’s lifetime to minimize taxes.
The old man’s white beard shook as his quivering lips whispered, “The entire world financial system is about to collapse. An armoured car will arrive in 15 minutes to deliver me a truckload of silver bars worth about a quarter million dollars. If you come with me now, half of them are for you.”
So your reclusive Uncle Steve suddenly dies leaving no Will or documentation regarding his finances or estate. You always knew he had some money, but you have gone through his home looking for any documents that will help and have come up empty.
When the Christian community gathers to celebrate a Funeral Mass, it gathers as members of the Church on Earth to say farewell to a loved one and entrust their soul, through the mercy of God, to Heaven.