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Personal Finance: Estate Planning
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Avg score: 40% Most missed: “You know that the advantages of having a will likely outweigh the disadvantages …”

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.
 

Personal Finance: Estate Planning
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1 Questions

1. Probate is the legal process of distributing an estate's assets.