Laying the Groundwork

Wai Mun Fong and Benedict Koh

Chapter 43 in Managing Your Personal Finance:From Start of Career to Retirement and More, 2020, pp 273-278 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Dear David,Looking at Uncle Sam’s situation, I hope you are convinced of the importance of estate planning in ensuring that your wife and children will be financially taken care of when you die. Developing an estate plan sounds like a daunting task. Well, it is because there are so many pieces in the plan. If your plan involves more than writing a will, you will need to seek the advice of a lawyer or financial consultant who is knowledgeable about estate planning. However, basic steps in estate planning are easy to follow.

Keywords: Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning (search for similar items in EconPapers)
JEL-codes: D14 (search for similar items in EconPapers)
Date: 2020
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