Planning your estate when you have no children or heirs – CNBC

Estate planning is such an important topic. Many people don’t have a will in place, but for those who do, their wealth usually goes to family. What happens when a person doesn’t have children that they can will their fortune too? It’s is advised that they set up a will that will donate that money and assets to a charity that they feel closely tied to. It might also be a good idea to start gifting some of that while you are alive so you can see the benefits of your labor.

Read more: Planning your estate when you have no children or heirs – CNBC