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It's recommended that you review your estate plan every 3-5 years. However, experiencing a major life event should prompt you to take a closer look sooner, rather than later.
Start the conversation about estate planning to give you and your parents peace of mind, knowing there are documents in place to ensure their wishes are met.
A testamentary trust is an estate planning strategy that provides an alternative to a direct or outright distribution of estate assets. It allows you to control the timing and distribution to your beneficiaries.