Benefits of estate planning

Author: External Author | | Categories: Business Law , Commercial Mortgage , Contract Drafting , Corporate Law , Estate Planning , Law Firm , Legal Service , Real Estate Lawyer , Residential Mortgage

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If you've been successful in managing your money throughout your life, you'll likely want to decide what happens to it when your life comes to its end. You need to plan your estate.

Estate planning means arranging how you will leave your money and property when you die and what you intend to leave for your spouse, children or other family members. It involves a variety of topics, including:

  • writing your will and naming someone to be responsible for carrying out your wishes
  • deciding who will look after your children if you die while they are minors
  • distributing assets during your lifetime

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Original Article Source Credits: Government of canada, https://www.canada.ca

Article Written By: NA

Original Article Posted on: NA

Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/financial-planning/financial-planning-4/2.html



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