While many believe estate planning is the exclusive realm of older or wealthier people, it is important for everyone, including young adults, to ensure their wishes are honored if they get sick or experience a catastrophic accident. If you do not have a will, a court of law will make these decisions for you. Make sure you understand the definition of a trust, beneficiary, guardian, and estate.

 

Source: Khan Academy, https://youtu.be/VcDCRPWgnbM?si=5ugE-UBDC5aSKj9L
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