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Wondering when to use a trust for estate planning? You’re not alone. Estate planning is a complex topic. The answer will depend on where you live and what your goals are.

If you’re wondering whether or not you need to do estate planning, the answer is: YES. If you have any amount of assets, you need to do estate planning. 

Asking the right questions lays the groundwork for a solid estate plan, making sure that your desires are honoured and your family is taken care of. 

A trust protects your assets, avoids probate, and ensures your wishes are followed. It helps manage wealth, reduce taxes, and provide for your beneficiaries.

If you have minor children and are without an estate plan, the court decides who becomes the legal guardian of your children.

Are you someone who thinks that estate planning is just an obscure thing people only need to do if they’re ultra-wealthy? Well, keep reading to find out who should be doing estate planning!

Estate planning is not a one-time event; it should be regularly reviewed and updated to reflect changes in your life circumstances. 

Generational wealth is important because it provides a foundation of financial security and opportunity that can benefit multiple generations within a family.