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In many life situations, people take action or fail to act based upon misinformation or false assumptions. This is particularly the case when it comes to more complex financial and estate planning matters. However, individuals and their family members who either fail to take action or take action based upon false information may ultimately end up paying heftily.
Concerns related to will changes can be addressed before or after death
Via numerous estate planning documents, individuals are able to dictate to whom assets and belongings will pass upon their death. A last will and testament is the foundation of any estate plan and provides the opportunity for an individual to express their wishes and provide details related to their decisions. There are times, however, when the validity of a will may be called into question.
Lack of children may lead to unique long-term care plans
When planning for the future it is likely that many residents of Rochester, New York, spend a lot of time thinking about how their choices will impact a spouse and children. Of course there are many people who are unmarried and childless who create estate plans. Though their considerations may be different they are no less important.
