The knowledge that we will eventually die is one of the things that seems to distinguish humans from other living beings. At the same time, no one likes to dwell on the prospect of his or her own death. But if you postpone planning for your demise until it is too late, you run the risk that your intended beneficiaries — those you love the most — may not receive what you would want them to receive whether due to extra administration costs, unnecessary taxes or squabbling among your heirs. This is why estate planning is so important, no matter

In addition to having a will, many people are now setting up trusts as part of their estate planning. A common type of trust is the revocable trust which can be changed during a person’s lifetime. Revocable trusts are considered the “workhorse of modern estate planning.” To find out other reasons a trust should be part of your estate planning, follow our link to the NYT article. Life After Your Death? Here’s Why You Should Have a Trust By Elizabeth Olson at New York Times Everyone needs a will, but, increasingly, estate planners say people also could benefit from setting