Estate planning is an important strategy for arranging financial affairs and protecting heirs - here are 5 reasons why everyone needs an estate plan
When you hear the word "estate," you might think of mansions, huge stock portfolios, art and antiques, and other pricey possessions like cars, yachts, and fine jewelry. The things high-net-worth individuals, especially elderly ones, own and leave behind them after they die.
But estate planning isn't just for the ultra-wealthy or the very old. Everyone, regardless of financial status or age, can benefit from having an estate plan - assuming you have assets to leave and people to leave them to.
Original Article Source Credits: Business Insider , https://www.businessinsider.in/
Article Written By: JANET BERRY-JOHNSON
Original Article Posted on: JAN 15, 2021
Link to Original Article: https://www.businessinsider.in/personal-finance/news/estate-planning-is-an-important-strategy-for-arranging-financial-affairs-and-protecting-heirs-here-are-5-reasons-why-everyone-needs-an-estate-plan/articleshow/80277329.cms