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One of the most important planning documents you can have is a Last Will and Testament (or a Trust). Despite the unpleasant nature of planning for one's passing, it is essential to ensure that your property and assets are distributed according to your wishes – otherwise, civil laws will dictate their disbursement. By planning ahead with a Will or Trust, you can appoint an executor of your estate who will carefully handle its administration and make sure that all bequests are respected. Having this document in place will bring peace of mind to both you and your loved ones, ensuring that everyone involved has clarity on your wishes when needed. All in all, having a legally recognized Will or Trust is one of the smartest planning decisions you can make.
Creating a Will or a Trust is an important planning step that everyone should take. A Will allows you to choose how your assets will be distributed among your heirs upon your passing while a Trust can help protect your estate and prevent it from getting caught up in probate court. Both provide peace of mind and make life easier for your family following a loss. Beyond this, planning with these documents helps to ensure that all of your wishes are honored and that the people who matter most have what they need when you are gone.
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