The basics of estate planning

Hardly a week goes by without news of a celebrity who has died intestate, disrupting families and enriching their lawyers. Maybe you’re smarter than that. You have a will and a power of attorney for financial and health care. But if you don’t update these documents and beneficiary designations regularly, your heirs could still find themselves in a legal morass after you die or pay more taxes than they have to (we’ll take care of that, too). Worse still, part of your wealth could go to an illegitimate heir.

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