When it comes to what you want done with your money after you’re gone, it’s important to consider an estate plan. Estate planning is an essential part of making sure your money goes where you want it to. Proper estate planning can limit the amount of time your estate spends in probate — and reduce the fees and taxes that are paid on what you leave behind.
Estate planning sounds daunting, but it can be broken down into smaller pieces to make it more manageable. One of the easiest estate planning activities you can do is check your beneficiaries. Indeed, this can be done in under 55 seconds:
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