An estate plan is a document that outlines who will inherit your assets after you’ve passed away. While death is not an easy topic to discuss, creating an estate plan is definitely a worthwhile exercise.
Whether you’re a corporate tycoon or an hourly wage earner, everyone needs to plan for the inevitable. The main goal of an estate plan is to protect your beneficiaries. It’s an exercise of outlining what assets you own and who you want these items transferred to upon your passing. Everything from your home to a stock portfolio needs to be designated to your heirs.
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