Chapter 13. Estate Planning Wants: Purpose, Preparation, and Protection
Estate planning. It sounds intimidating, as if it’s only meant for the Park Avenue, mega-wealthy types, right? The fact is, nothing could be further from the truth. Estate planning is for everyone, whether you have $5,000 or $5,000,000 to your name.
What exactly is estate planning? It’s, quite simply, a strategic plan to distribute your assets, including your home, car, investments, and special effects, such as your wedding ring or family photos, upon your death. It allows you to choose who will receive your savings and treasured items. And once you’ve decided the who, estate planning lets you decide how your assets are distributed. Your plan can be complex or simple. You can ...
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