Understanding the basics of estate planning

Estate planning is often misunderstood and frequently overlooked, especially among young adults, retirees, and new parents. However, this process is critical for anyone who wishes to ensure that their assets are managed and distributed according to their wishes, rather than leaving it up to the courts or chance. In this article, we'll break down the essentials of estate planning, dispel some common myths, and discuss the key elements that everyone should consider.