Preparing For Death Via Estate Planning

Preparing For Death Via Estate Planning If it always helps to be prepared for any situation in life, we should always be prepared for death. This is not to say that we can avoid it, as death is a certain uncertainty (we know it will happen but we don t... More

Preparing For Death Via Estate Planning
If it always helps to be prepared for any situation in life, we should always be prepared for death.
This
is not to say that we can avoid it, as death is a certain uncertainty (we know it will happen but we
don t know when), but we can plan for what s going to happen to our property in the event that we
pass on.
This is called estate planning.

It doesn t matter what your net worth is, you should have a basic estate plan in place.
Having such a
plan eliminates uncertainties as to how your property is going to be divided and who gets what after
your death.
It ensures that the people whom you think deserve to get certain assets of yours really
get them.

Getting started with estate planning can be done by taking an inventory of your assets.
Of course,
your assets are not only the house and the car/s you own.
They also include your retirement savings,
insurance policies, and even your investments, among others.
Once you ve finished with the
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