11.4.6 Estate planning case studies

Read the case studies below. Does either of them use strategies that could be useful for you?

Case study: A new family

Ross and Reena have are planning their estate with their new baby.

 

With a new baby in the family, Ross and Reena want to put their finances in order. They have three main goals in planning their estate:

Ross and Reena decide to talk to a financial professional. Together, they agree to do three things:

For now, Ross and Reena can rest easy. They know they will have to update their wills from time to time, especially if they have more children. However, they have taken care of all their main concerns.

Lessons Ross and Reena learned:

Case study: Providing an inheritance

Rodney and Rose are lisiting what to do to put their finances in order.

 

Now that they have retired, Rodney and Rose want to put their affairs in order. Their main goals are to:

Rodney and Rose talk to a financial professional and decide to do three things:

Rodney and Rose know they may have to update their wills from time to time. However, for now, they can rest easy. They have taken care of all of their top goals.

Lessons Rodney and Rose learned:

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