While a will provides legal directives, you can provide a more personal voice by giving additional instructions.
One common area many should prepare for is legally naming guardians for their children.
Trusts can be another powerful estate management tool. Properly structured trusts may help you avoid probate.
“50% of 50-year-olds don't have a will in place, yet 60% of Americans plan to leave an inheritance. Learn the crucial details to address when creating your own estate strategies.”
- From Understanding Your Estate: Critical Elements of an Estate Strategy
By documenting your wishes and goals, you create a legal framework that the courts, your executor, and your loved ones can follow when settling your estate.
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