Giving assets away as a gift reduces the value of your estate and allows you to help your heirs while you're still alive.

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What is Estate Planning?
Estate planning
is the process of designating who will receive your assets in the event of your death or incapacitation.

Estate planning vs Living will:
Basically, an estate plan is a broader plan of action for your assets that may apply during your life as well as after your death. A will, on the other hand, dictates where your assets will go after you die, who will be the guardian of your children and more.
 


Giving assets away as a gift reduces the value of your estate and allows you to help your heirs while you're still alive.






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