Despite its usefulness, many people assume estate planning is really only for those who are absurdly well-off. Creating an estate plan is actually beneficial in a wide variety of situations and its effectiveness does not depend on sizeable wealth. While a plan is most useful for those with a sizeable amount of assets to deal with, here are 3 reasons why even the average person might want to consider giving estate planning a go.
Handling your personal finances responsibly doesn't always need to be a complex slog. While you could spend many hours setting up your estate plan or developing the ideal asset protection strategy, sometimes you just want to focus on the easier steps first. An often overlooked step is finding out what works for you.
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