Essential Cost Efficient Tips for Will and Estate Planning

Posted on: 27 December 2016

An estate is an individual net worth calculated as the cumulative sum of all assets, entitlements to various properties and interests minus the sum of all their liabilities. A will, also referred to as a testament, is a legal document through which an individual (testator) depicts his or her wishes on how their estate should get distributed after they die. The will provides the name(s) of the person(s) who will manage the estate until it finally gets allocated to the designated beneficiaries.
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