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Drawing up a Will and Testament is often forgotten and, in most cases, passing on without a will can turn out to be an expensive and time-consuming process for beneficiaries.
There is still good reason to use trusts in estate planning, often for reasons which are not purely financial.
It is only when someone passes that many people find how unprepared they are for the event. Where is the will, what are the bank account numbers, where are the insurance policies, car registration documents? The list goes on and on.
The strongest deterrent against FSP compliance missteps is or should be: