Chapter 19, Problem 19.1PQ1

Summary Introduction

To explain:

About the source from where one can get the information about estate planning more from library or from internet.

Introduction:
Estate planning is that important part of financial planning under which an individual plan the authorization of his/her assets in the event of his/her incapacitation or death. Creation of will, appointment of the guardian and executor, execution of various financial avenues all are the tasks of estate planning.

Answer to Problem 19.1PQ1

Solution:

To gather the information about the estate planning one should prefer the internet and the reasons are as follows:

• Availability of the information at one place,
• Information is available about the current tax amendments.
• Availability of description about the real life examples.

Explanation of Solution

• From the internet one can get the information which is not available in books also.
• There are many provisions under direct tax act which are related to the estate planning. All the current amendments can be available only on the internet not in the books.
• There are some of the real life examples or case studies also available on the internet which can help to the person to get the real life situations about estate planning.