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According to the book LEAP by Robert Castiglione, an estate planning guide has two objectives:
Even if you don't have a large estate, an estate planning guide is necessary to ensure that your assets are handled in the manner in which you intend. Besides, the plan is to grow your wealth, right?
Who would get what?To some, these questions may feel awkward because not a lot of people like discussing death. But being prepared for death is a lot better than not being prepared.
How long would it take for my assets to get disbursed?
Who much will my assets be taxed?
How much of a burden will my estate be to my beneficiaries when I pass away?
Without the proper planning, your death can cause a lot more hardship than what is intended. Your estate should be the least of burdens during this time.
There are a lot of benefits to this process. With preparation and education of estate planning basics, you will begin to understand:
To us, planning for your estate involves more than leaving behind money. It's about building a legacy...a living legacy. We want to leave our future generations...
90% of people fail to plan their estate. 100% of those people will pass away. However, the legacy you build today can live beyond your lifetime.
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