Most hear the word 'estate' and think of wealth, large Utah mansions, drivers, and luxury cars, but in reality, anyone can have an estate, whether they are wealthy or not. The estate plan is a collection of documents that protects your assets and outlines who will inherit these assets. Estate plans include a will, power of attorney, medical power of attorney, living will, and a trust.
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3. What do you want your post-retirement standard of living to be? Realistic strategy is to plan on having the same standard of living both pre- and post-retirement.
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