Importance Of Estate Planning

Unless you have the simplest of estates in which you are planning on leaving everything to your spouse, estate planning is of the utmost importance. The most common representation of estate planning is through the use of a will. A will is a document that defines who you want to leave your worldly possessions to when you pass way. Regardless of your wishes, please keep in mind that some estate planning is done beforehand by your state or locality. For example, New York State requires that you leave a certain amount to a spouse, regardless of your wishes. Regardless, estate planning allows your loved ones to obtain what you want them to when you pass away. More info: estate planning new york

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