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Clever estate planning involves finding ways for reducing estate duty costs and is an essential part of the financial planning process, as this ensures that your heirs benefit fully from their inheritance.
During the estate planning process, it’s important to be aware of the fact that there are certain assets that cannot be included in your will.
These are known as non-probate assets, or assets that pass outside of will. For better understanding of the term non-probate, we can look at what probate means.
Estate planning is an essential part of the overall financial strategy to secure a financially stable and sustainable future.
There are many parts that make up the whole, all of which need to be addressed in order to protect the legacy you leave behind and all the rightful heirs and beneficiaries.
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