Having a will is crucial as it ensures that your assets are distributed according to your wishes. It also provides peace of mind for your loved ones, knowing that your affairs are in order.
How can estate planning minimize taxes?
Estate planning involves strategic financial and legal decisions to minimize taxes, ensuring that your loved ones are provided for and your legacy is preserved.
What is an executor?
An executor is a person appointed in a will to carry out the deceased person's wishes and manage the distribution of their assets.
What is a Power of Attorney?
A Power of Attorney is a legal document that allows an individual to appoint a trusted person to make decisions on their behalf in case of incapacity.
What are trustees and beneficiaries?
Trustees are responsible for managing assets in a trust, while beneficiaries are individuals who receive the benefits of the trust according to the terms set out in the will.
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