Who Needs Estate Planning?

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There are a lot of misconceptions about estate planning. And part of the blame lies with professional advisors who speak a unique planning dialect. We talk about wills, so you may associate estate planning with death planning and distributing assets after you’re gone. And since death usually happens when we’re advanced in age, you may believe planning is for older, retired people. We talk about “wealth” so you may think planning is only for the wealthy. In fact, the word “estate” itself adds to the confusion. However, estate planning is concerned with much more than death, and is important for everyone; not just the wealthy.