Creating a will is the first important step in planning your estate. A will provides an individual with the opportunity to nominate guardians for minor children or dependents as well as an executor for the estate.
The executor serves the vital function of gathering and disbursing the assets of an estate and seeing that all of the related tax issues are handled.
You may choose a professional who can handle these matters on his or her own, or you may choose a relative or a friend who can hire any professional help he or she may need. However, you should be sure the friend or relative is willing to serve in this capacity.
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