We all care for our families, jobs, and dependents every day. But what are the things unique to your life? What are the things that, right now, only you can provide? What would happen if you aren’t around to manage those responsibilities unique to you, your family, or your particular circumstance?
Over the course of our lives it takes us years to acquire certain skills, experience, and characteristics that govern the kinds of responsibilities we each take on, and shape the way we handle those responsibilities. It’s these personal “assets” that make estate planning so important.
Take, for example, your long-living pets. For the most part, you can set up simple pet trusts or name guardians for common pets such as cats or dogs. But what about the not so common pets? Horses, turtles, or parrots?
But what about the not so common pets? Horses, turtles, or parrots?
Do you have a cutting edge or specialized business? Who will take that over?
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