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This note covers the following topics: Property Ownership, Tenancy in Common, Joint Tenancy, Death Intestate—Without a Will, Testate Distribution, The Probate Process, Considerations in Holding or Disposing of Property, Installment Sales, Private Annuities, Gifts During Life: The Federal Gift Tax, Valuing Property for Federal Estate Tax, The Gross Estate, Planning to Save Federal Estate Tax, Federal Estate Tax Planning Strategies, Estate Settlement Costs, Liquidity Planning, Tools for Estate Planning: Trusts, Implementing the Estate Plan. Author(s): Iowa State University. This note covers the following topics: Property Ownership, Who Needs an Estate Plan, Federal Gross Estate, Probate/Non-Probate Assets, Minnesota Estate Tax, Deductions from Federal Gross Estate, Federal Estate & Gift Tax Rates, New MN Estate Law Addition, Distribution of Estate Assets, Establishing A Will, Trusts: Definitions, Types and Taxation, Revocable Living Trusts, Gifting Assets, Tax Issues for Estate Planning, Life Insurance in Estate Planning, Steps in Estate Settlement, Distributing Personal and Household Assets. Author(s): Gary A. Hachfeld, David B. Robert Holcomb, Extension Educators.
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