Estate planning involves making financial decisions with regard to the future of a person's estate. You must have a plan in place before you die to ensure your dependants can carry on their lives and enjoy their inheritance, without you financially burdened. Proper estate planning is important to make sure your dependents receive all your belongings and wealth after you die. Your will should include specific instructions as to where your belongings should go, including who they should be held and how they should be disposed of after you die. Your estate plan must also make provisions for your burial, funeral, and financial support for your dependents.
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