Valour Digest was established several years ago with the sole aim of bettering the lives of men across Africa and the world at large. You must agree that that’s an excellent and noble cause. But, to completely fulfill our purpose, at different points in time, we’ll have to discuss such difficult topics as estate planning with you.

Of course, no one wants to leave the earth before their time. Even if you don’t feel anything upon your exit, it will still be pretty devastating to those you’re leaving behind. But, at some point in time, it will happen. While it is normal if that makes you a little upset, the best line of action would be to prepare for it.

This is the reason we’ll be talking to you about estate planning and its importance.

What is Estate Planning?

According to Investopedia, “Estate planning is the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes.”

While that might seem a tad complicated, it really isn’t. Estate planning essentially involves making preparations as to who receives your assets when you eventually depart from the world or if you become incapacitated. In Nigeria, many people understand it simply to mean writing your will. More often than not, it is done with the help of a lawyer.

READ MORE: https://valourdigest.com/estate-planning-and-why-it-is-important/?swcfpc=1