How Many Backups Do I Need?

One of the most important parts of the estate planning process is choosing the right people as “fiduciaries” to handle affairs on your behalf if you get sick or pass away. This can include medical, financial, and legal decisions while living as well as managing your estate (and possibly children) after you are gone. While most understand the need to choose the RIGHT fiduciaries, many plans fall short by not picking ENOUGH of them. So how many backups do you need?

 

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