Retirement planning isn’t just about saving for the future—it’s about ensuring that your assets are protected and distributed according to your wishes.
Otherwise, assets will be distributed based on your state’s intestacy laws—which could mean they go to distant relatives or, much more rarely, the government itself.
Warren Buffett emphasizes transparency in estate planning, urging families to discuss wills before signing. Open conversations prevent misunderstandings, clarify roles and strengthen bonds.
Many individuals, even those with significant assets, are negligent in establishing a comprehensive estate plan. A will, although necessary, is not sufficient.
