By Steven Muller
If there are specific people or institutions you’d like to enjoy your assets someday, and if there are people who depend on you for financial security, you need to plan for what will happen to your assets after you die. The more estate planning you do today, the more confident you can be that your wishes and your responsibilities will be handled as you intend.
For most people, estate planning goes beyond simply deciding who gets what and drafting the legal documents required to ensure that those transfers happen — though both are essential parts of the planning process. You also need to make sure your loved ones will be protected whether you die next week or 50 years from now.
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