Wednesday, April 20, 2011

Estate Planning

Estate planning is the passage of your wealth to your heirs. This is very important thing in life. People must make wills, trusts, or gifts to make sure that their heirs will receive inheritance. Estate planning is made for the event that after person's death, there will not be a fight over the estate between heirs. It is not a simple process because it includes many procedures. A lot of forms must be filled out, and people need to select executors of the will, beneficiaries, guardians for children, and power attorneys. This will make beneficiaries' life easier and property will be distributed according to wishes if the estate planning is done.

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