Estate planning can be an emotional process. After all, it’s difficult to think about things like who will raise your children, or which loved one will best manage your financial assets. Estate planning is necessary, however, because without a will, your estate may end up in court. This means it could be divvied up based on a judge’s ruling, rather than on your personal wishes.
For many people, retirement is a major life milestone—and deciding when to take that step is more complex than simply reaching a certain age or hitting a savings goal. Understanding