Does a person have to have a minimum amount of assets to create a last will?
Does a person have to have a minimum amount of assets to create a last will? No, a person can create a last will to dispose of assets worth $5 or $5 million. Although, the distribution of those assets can have tax implications. For that reason, it is important that you understand how inheritance will be taxed as you make your estate planning decisions. It is often wise to consult with estate planning professionals, especially for large or complicated estates.
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