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Preparing is Half the Plan

Most people understand the importance of estate planning. Having a will, powers of attorney and living wills are important to make sure your wishes are carried out in the event you cannot voice them and to ensure your final wishes are materialized after your passing. But even though you've got an estate plan that details everything, have you told those you need to carry things out that they are the "chosen ones?"

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School Benefits from Inheritance

People often decide to leave money to places and organizations in their estate plans. For example, a person who loved flowers might leave money to their favorite park, so the park can continue to plant flowers and plants in the person's honor. Worcester readers might be interested to learn how one man's gift to a college will help them improve their athletic program. In this case, the man created a foundation as part of his estate administration to help various schools.

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Why You Need a Will

If you have items that you want to leave specifically to a person or group, you need to indicate this is writing. Not doing so could mean the people you want to have your things might not get them. This is why it is so important for people to craft wills; the document ensures that your request are granted and gives outsiders less of an opportunity to try and take what they want.

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