As the saying goes, nothing’s certain except death and taxes. While there’s not much choice in the matter when your accountant reveals your tax bill, end-of-life dealings are far more flexible.
How you choose to live out your twilight years – and what happens to your estate after you go – is entirely up to you, says Cristean Yazbeck from Hamilton Blackstone Lawyers.
“Unlike a will, which only comes into effect once you pass away, estate planning encompasses decisions about what you want for your own lifestyle and medical care should you be in a situation where you can no longer make those decisions for yourself,” he says.
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from DeWitt Law Firm, PLLC
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