Planning for the future is one of the most responsible decisions an individual can make. Estate planning ensures that assets are managed and distributed according to personal wishes, while also reducing potential conflicts among beneficiaries. Despite its importance, estate planning remains widely misunderstood.
This article provides insight into estate planning and wealth preservation in Nigeria, explaining the purpose of wills, trusts, probate, and estate administration. It highlights the legal implications of dying without a will and the benefits of early planning. Readers are shown how proper estate planning promotes peace of mind, protects loved ones, and preserves family wealth.
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