Estate planning can help minimize the risk that your wishes will be misunderstood. A plan minimizes taxes and designates persons to make decisions on your behalf if you are not competent to do so. Wills, trusts, and Powers of Attorney for Healthcare and Property are all elements of the estate plan.
Planning ahead can help save family members and others from the disagreements that often occur without it. Its critical to try and avoid conflicting claims to ownership of assets.
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