Introduction
Estate planning is a crucial aspect of financial planning, especially when it comes to preserving wealth for retirement. It involves making arrangements for the distribution of your assets and the management of your affairs after your death. Estate planning allows you to have control over your assets and ensures that your loved ones are taken care of in the future.
Why is estate planning important for retirement?
Retirement is a time when individuals want to enjoy the fruits of their labor and relax without any financial worries. Estate planning plays a significant role in preserving wealth for retirement by ensuring that your assets are distributed according to your wishes and are protected from excessive taxation or legal disputes. Here are a few reasons why estate planning is crucial for retirement⁚
