The Basics of Estate Planning

The Basics of Estate Planning

Hardly a week goes by without news of a celebrity who died without a will, fracturing families and enriching their attorneys. Maybe you’re smarter than that. You have a will and have named a power of attorney for finances and health care. But unless you regularly update these documents and beneficiary designations, your heirs could still find themselves in a legal morass after you die or paying more than they had to in taxes (we’ll cover that, too). Worse, some of your assets could end up going to a wrongful heir.

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