Estate planning is often considered to be something that only the super-rich need to worry about. However, as we have shown, it covers many more aspects than trusts alone and is an important aspect of financial planning. Having an understanding of the different options available to you when it comes to deciding what happens with your assets and liabilities when you pass away, can be invaluable for those left behind. It will also give you an advantage when selecting a financial advisor with whom you will work, as you will be able to ask the right questions about their ability to connect you with right estate planning guidance.
The more organized your affairs are now, the easier it will be for them to manage when you’re not around. And as we all know, the less time spent on administrative tasks at a time of losing a loved one, the better, no matter what the circumstances. We urge you to give it some thought, as unpleasant as the thought may be.
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