Category: Estate Planning (상속)

What will happen if you don’t wake up tomorrow morning? Money, house, car…everything you own in your name may go to a legal process called probate, and your state will decide who gets your assets. If there’s a dispute, the state will decide on your minor children’s custody as well. Even if there’s only one…

Estate planning is a process of planning to transfer assets to others by minimizing taxes. It’s important to understand that giving your money may trigger different taxations such as gift tax and estate tax, leaving a fractional amount to the recipient, if not carefully planned in advance. Fortunately, the government allows exemptions of such taxes…