Estate planning can be an emotional process. After all, it’s difficult to think about things like who will raise your children, or which loved one will best manage your financial assets. Estate planning is necessary, however, because without a will, your estate may end up in court. This means it could be divvied up based on a judge’s ruling, rather than on your personal wishes.
Taxes remain a key consideration even after transitioning into retirement. Without a thoughtful approach, retirees may find that tax liabilities affect their overall financial outlook. Reducing tax burden in retirement
