Understanding estate planning strategies such as beneficiary designations and wills helps you prepare for the future.

Understanding Estate Planning Tools

Estate planning is a crucial component of financial planning that should not be overlooked by any adult, regardless of age. Even if you think you’re too young to focus on how your assets will be distributed when you pass away, it’s important to remember that none of us knows what the future holds. Understanding estate planning and beginning the process now will help to ensure that your assets are distributed according to your wishes when you pass away. Beneficiary designations, wills, and revocable living trusts are common ways to distribute assets, and we’ll dig deeper into each so you can make informed decisions about how you may incorporate each into your estate plan.

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