Small Business - The Selma Times‑Journal

NewsDirectSaturday, June 29, 2024 at 11:00am UTC--News Direct--by Tamar SatovMore than one-third (37%) of Canadians say that getting their end-of-life plans in order—including writing a will, funeral planning, and having difficult conversations with family about estate planning—is a priority for 2021, according to a survey from Willful, a leading digital estate planning company.If you’re among that cohort (and you should be), our handy guide to everything estate planning will help you get it done.IN THIS ARTICLEWhat is estate planning?Why should you plan your estate?How to develop an estate planCritical components of an estate planTaxation and estate planningBottom lineWhat is estate planning?Estate planning is the process of pre-arranging how your finances and other assets will be used or managed when you die or become incapacitated. Estate planning can include creating a will, power of attorney, living will and trusts; choosing an executor or trustee; purchasing life insurance; namin...