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Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out, even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.

The Four Pieces of an Estate Strategy

Most families have one of the four. Here is what the other three do, and which one quietly overrides your will.

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