Monday, September 7, 2009

Estates of disarray


By Chris Keeler

Wealthy people who spend their careers building complex portfolios, with investments and assets all over the world, often overlook one key area of financial planning: how their estate will be passed on when they die.

Advisers say that no matter how closely engaged some investors are in their financial affairs during their lifetime, many are woefully unprepared when it comes to structuring their estate for their death. This partly reflects a reluctance to face the reality of death, but also time-pressed entrepreneurs and business owners often find the process of making a will a burden they can do without.

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