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what is estate planning

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Who should oversee your estate when you’re gone? It’s tricky

People spend lots of time thinking about how to distribute their money, but not enough about picking the best trustee

Mark Goodfield has seen many high-net-worth clients make these mistakes, whether blissfully or blatantly

In this strategy, putting some assets in a separate will can save on probate fees

Age-related requirements are seen as sensible, but beware of ‘parenting with your wallet’

Talking now might diffuse future hard feelings and keep you and your family out of court

It’s counterintuitive, but high-net-worth beneficiaries can feel unprepared to handle a rush of wealth

A testamentary trust can protect family inheritances, especially if the surviving spouse remarries

But more needs to be done, experts say. Digitization is needed ‘to address the monumental changes that are about to unfold’

One useful function of these trusts is to split your income among family members who pay lower tax rates