Financial Management Insight flipbook 2024

Estate Matters Preserving Wealth Your estate comprises all the wealth you have accumulated over your lifetime, including real estate, stocks, bonds, business interests, retirement plans, personal effects, and anything else you own. Effective estate conservation can provide several benefits: • Select the people and organizations you want to receive your assets, and determine how and when they will receive their inheritance • Choose individuals who will manage your estate, including an executor, a trustee, and others • Choose guardians for minor-age children • Help reduce estate settlement costs, including probate