Significance of Estate Planning In The Life of Every US Citizen
Estate planning used to be imagined as a luxury-expense only the rich can afford. That thought process has changed now, evident by the number of middle-class families who have started estate planning. Estate planning includes the designation of heirs to a decedent’s assets, whether it is a house or a stock portfolio. If left up to the court, the distribution of assets would not reflect the true intentions and motives of the deceased. Hence, families exposed to future financial planning prepare and secure themselves in the event an earning member or the family dies. Reasons for Having an Estate Plan Estate Plans give individuals assurity; their assets will not be squandered and distributed in a haphazard manner. Read the following