Estate planning helps people receive the assets you want them to. It should be done early on, and after any life changing event. One benefit of estate planning is called beneficiary designation, and this says who gets what after you die. Tax and business information should be provided to the beneficiaries. A will should be created and a Power of Attorney designated. Estate planning also indicates whether you would like to be kept alive artificially in the case of a coma.
Read more: Estate planning: Protect your assets and beneficiaries
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