Why is estate planning important?

Estate planning helps you ensure that your assets are managed and distributed in accordance with your wishes.

Without an estate plan, the rules of intestacy will apply to your assets upon your death, meaning your estate may not be distributed how you would like. Without an estate plan, you also may not get the funeral you want, and those who inherit your assets could face a significantly larger inheritance tax bill than they may have done had a plan been in place.

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