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Wills, trusts can help to protect assets and benefit heirs

People in New York typically are not excited about the idea of planning for their passing, known as estate planning. However, creating wills is important for people in New York, as a will can reduce the hassles and expenses often associated with the process of transferring wealth when a person dies. Nonetheless, research shows that only about 50 percent of people in the United States actually have a will or living trust.

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