Sunday, October 25, 2009

Estate Planning Not Just for the Wealthy

Estate Planning is not just for the wealthy. Estate Planning also is important for people with modest means too.

A recent article in the Chicago Tribune titled Estate planning saves headaches for heirs discussed reasons that estate planning is important for people with modest means.

The article highlights some of the challenges people are now facing such as providing for children from a prior marriage. It also gives a good explanation of the differences between a Will and a Revocable Trust (also known as a Living Trust).

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