What is estate planning and why do need

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Question 1: What is estate planning and why do need it (or not)? What elements are contained in an estate plan? Do need an attorney to help with estate plan? What is a trust and how is it used? Can use life insurance to help fund a trust? Do need a will? What could happen to estate if die without a will? Why is it that so few people do estate planning?

Reference no: EM132737630

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