Money blogger and financial adviser Bo Hanson always starts off by asking his clients about their family—and especially, whether they have the necessary estate documents to protect their family’s financial future. Planning ahead in the event something were to happen to you is important for the ones you leave behind, especially children. Making sure your estate plan reflects your wishes is the first step, Hanson says. Then regularly review and update your plan, especially after major life events, such as births and deaths of family members.
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