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Home >> 3 Interesting Facts About Estate Planning

3 Interesting Facts About Estate Planning

September 8, 2014 by Andreas Kulas Leave a Comment

3 Interesting Facts About Estate PlanningInteresting Facts About Estate Planning. The will is thousands of years old.

Estate planning has been something that people have been thinking about for a very long time. The first evidence of people creating an estate plan comes from ancient Egypt. In about 1800 B.C., two Egyptian brothers wrote their last wishes in hieroglyphics that were later found by archaeologists in the 19th century. The terms of their wills were very familiar to anyone who is familiar with the estate planning today, including such provisions as inheritance choices, guardianship appointments, and more.

After the Egyptians, the Roman Empire saw the widespread use of last wills and testaments. In fact, by the time the code of Justinian was adopted in the fifth century A.D., Roman law had advanced to the point where specific requirements were made of people who wanted to make a will. Failing to meet those requirements would mean that the last will and testaments people left behind would be invalid.

Interesting Facts About Estate Planning. John Adams is responsible for the first estate tax.

The second President of the United States, John Adams, passed the nation’s first estate tax in 1796. The tax largely came about as a result of the Quasi-War, an undeclared conflict between the United States and France that took place across the world’s oceans. At the time, the United States did not have a strong Navy, and President Adams passed the tax in an effort to buy more ships to protect the nations fleet of trading vessels.

The estate tax was repealed after the conflict subsided, though it came back several times as America continued to enter into conflicts and required money to pay for them. The estate tax that is in place today is the direct descendent of the tax passed prior to the First World War, though the contemporary tax has gone through significant changes since then.

Interesting Facts About Estate Planning. Only a small number of presidents have died intestate.

Speaking of presidents and wills, the vast majority of presidents of the United States have left behind estate plans, or at least last wills and Testaments. In fact, only four presidents have died without leaving behind a will, known as having died intestate.

Not surprisingly, two of the four include two of the presidents that were assassinated while in office: Abraham Lincoln and James A. Garfield. Lincoln’s successor, Andrew Johnson, also died intestate, as did his successor, Ulysses S Grant.

Many other presidents, such as George Washington and John F. Kennedy, left behind wills that are available to read online.

Filed Under: Estate Planning

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I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

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Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

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I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

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Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

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Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family.

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August 25, 2020
    

"Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family."

default image
Janice M
Client Review
August 25, 2020
    

Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

default image
Krissy L.
Client Review
August 25, 2020
    

I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

default image
Leo C.
Client Review
August 25, 2020
    

Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

default image
Mildred W.
Client Review
August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

default image
Joan C.
Client Review
August 25, 2020
    

We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

default image
L.G.K.
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