Estate planning is the strategy to conserve your assets during your lifetime and then distributing them to your loved ones after your death. Estate plans can help protect your assets from legal complications, tax issues, and settlement costs, maximizing the amount of your assets that are passed on according to your wishes.
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In addition to the financial implications, estate plans can also help the settlement of your estate and manage the affairs of minor children. Special circumstances can also be incorporated into your plan, such as care for aged or infirm parents, disabled children, or gifts to a favorite charity.