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Is Estate Planning Still Necessary?

A: YES. “Estate” is just a fancy word for the stuff you own. You do not need to own a huge house to have an estate. Anything you own, any of your bank or interest accounts, or your role in family businesses and company partnerships are a part of your estate. Did you know that if you die without a will or a living trust, the state will decide for you what happens to the things you own?