The Importance of Estate Planning — Preparing Your Assets for the Future
Estate planning is a crucial task that enables you to control your assets while you are alive and distribute them after your death to your desired beneficiaries. Depending on the size and complexity of your estate, estate planning can be a daunting but necessary procedure. Here are some essential elements you should consider when creating your estate plan.
Wills and Trusts
A will is a legal document that outlines how your assets will be distributed after your death.