Estate planning is planning the distribution of your estate after your death, which includes everything you own. It names beneficiaries who will receive your estate.
What was Estate planning?
Estate planning is establishing an exit strategy that includes determining who will finally receive your property. In the situation that you are not able to manage your activities on your own for any circumstance, it also states how you desire them to be addressed.
The main goals are to resolve your business while assisting your parents and children, save excessive judicial expenditures, cut estate tax liabilities, and transfer your wealth to your beneficiaries.
Therefore, option everything you own and the beneficiary will be the appropriate answer.
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