The death of a loved one is a traumatic event that presents both emotional and practical challenges. It can change your finances, your future and how you feel about your future. Financial obligations don’t disappear when a person passes on and without a good plan, heirs can get penalized with outstanding obligations, tax liabilities, probate costs and more.
Estate planning is one of the pillars of personal finance, regardless of your net worth. A proper plan can protect you and the people you love.