Take stock of your estate
Over your lifetime you may build up a variety of assets such as your home, your pension and your savings and investments. When you die you will probably want these to go to your loved ones and not the taxman, so it is good to plan your estate as best you can.
The main benefit of estate planning is to legitimately reduce the amount of taxes and other expenses which are due on the estate so that those who stand to inherit get what was actually intended for them.
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