Investopedia: “Everyone needs an estate plan regardless of financial situation. Such plans range from short, simple documents to complex series of interlocking trusts, partnerships and wills. It all depends on the nature of the estate and desires of the family. When done right, estate planning is more than a plan to transfer assets at death or a way to avoid tax, but rather a structure for families to transfer values to the next generation. Estate planning documents let you make your wishes known both for yourself and your loved ones during life, in the event of incapacity, and at death.”
Estate Planning: Not Just for the Uber Rich
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