And by “estate,” we mean your assets-such as your home, your investments and anything else of value-plus any other important responsibilities you have, such as children or a guardianship. Put simply, an estate plan sets out your wishes as to how you would like your estate to be handled after you die or if you became incapacitated. The phrase “estate plan” may sound grand, but it’s a very practical set of documents that everyone should have.
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