The Art and Science of Estate Planning

This chapter explores the complexities of estate planning, emphasizing the need to integrate art and science in creating effective plans tailored to clients' desires and goals. It delves into transfer taxes, non-tax aspects like selecting guardians and managing inheritances, and the role of life insurance for financial security. The historical evolution of estate planning, from ancient will-making practices to the development of modern taxation laws and incapacity planning, is also discussed.