Why is estate planning important?
An example of an AI chatbot conversation about the significance of estate planning.
Why is estate planning important?
Estate planning is crucial because it ensures your assets are distributed according to your wishes after you pass away.
What happens if I don't have an estate plan?
Without an estate plan, your assets may be distributed according to state laws, which might not align with your wishes.
What are the key components of an estate plan?
Key components include a will, power of attorney, healthcare proxy, and possibly a trust.
How often should I update my estate plan?
It's advisable to review and update your estate plan every few years or after major life events like marriage or the birth of a child.
Can I do estate planning on my own?
While you can start on your own, consulting with an estate planning attorney is recommended to ensure everything is legally sound.
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