Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.
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The examples of famous celebrities underline the need for a clear estate strategy.
Do you have intellectual property? Consider how you might include your IP into your estate strategy in this detailed article.
This article deals with how one might deal with a burdensome inheritance.