Inheritance: The Importance of Making a Will
Building wealth is just one facet of financial planning. It is only complete when you able to make a decision on what happens to your acquired wealth after you’re gone. Setting up a wealth succession plan is your best option. Succession planning can be executed through making a will. It is a testament that ensure the last allocation of your property happens based to your desires. If one dies without a will, known as intestate, his or her wealth is inherited by the heirs in accordance to the inheritance laws. If you don’t know the laws governing Wills, which differ from state to state, consider talking to a lawyer or estate planner in your area. Know more about inheritance, rules of intestacy, common terminology and importance of writing a legal Will.