Estate planning: Meeting the challenges

Estate planning is a vital part of retirement planning. However, it's also an area that is grossly neglected by clients. The reasons for this are various. Clients and their families are reluctant to think about a time when they may lack the mental capacity to make their own decisions. Others may find the process of arranging what happens to your money when you die a little morbid. Many people also hold inaccurate views on what happens to someone's money when they die. However, the ramifications of doing nothing or making poor planning decisions are major and can cause families much pe...