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Join me, Mansuur Bey, in learning estate planning benefits using a will, trust and life insurance.
Estate planning is the process of managing one’s assets and determining how those assets will be distributed after one’s death. Assets may include real estate; stocks, bonds and mutual funds; personal property; retirement accounts; and bank accounts. Collectively, a person’s assets make up his or her estate.
When you pass away, you leave expenses to your next of kin that could be a financial burden if you do not take the proper estate planning steps. And if you do have considerable financial means, then a life insurance policy can be an excellent estate planning vehicle for protecting that wealth and passing it on to your family. Life insurance can also be a way to enhance that wealth and leave your family more than you could have ever imagined.
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